What If Models

The What If Models page allows you to create What If models that let you create and examine multiple forecasted scenarios.

For example, by copying your data and setup options, you can adjust assumptions and new volume amounts to examine the profitability of different scenarios. What If models can be used to create budgets and save models that span different time frames.

Throughout the Forecasting module of Financial Performance Suite (FPS), What If models are used to identify the source of the data to use when performing a specific task.

Models share some of these characteristics:

• History - All Standard Calculation models have the same history. No Calculation models may not have any history.
• Chart of Accounts - When a model is created, it begins with the same accounts as its source model. Unique accounts, which only affect forecasting data, can be added to individual models. Since changes to the Chart of Accounts structure affect every model, the same Basic Information panel settings always appear, regardless of the active model.
• Supplemental Data - This data structure and history are shared. Forecasted data is not shared.
• Key Rates - The structure of and history for key rates is shared. Forecasted data is not.
• Organizations - Changes to the institution's organizational structure affect every model.

Models can have unique:

• Starting months
• Ranges of forecasted time frames
• Explanatory notes
• User access
• Prepay and decay tables
• Forecasted data

What If models are available if the financial institution is licensed for the Forecasting module and you have the necessary permissions.

You can choose the model that you want to use when you are working in:

• Chart of Accounts
• Prepay Tables
• Decay Tables
• Supplemental Data
• Ratios
• Forecasting Summary
• Forecasting Detail
• Forecasting Key Rates
• Forecasting Supplemental Data
• Forecasting Consolidations
• Advanced Quick Forecast
• Formula Results
• Forecasting Reports