Top 6 Scenario Planning Software & Tools in 2025
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What if your scenario planning software was simple to use and implement?
In this article, we’ll discuss the benefits and downsides of integrated vs dedicated tools with scenario planning features. Find out all you need to know to make the best decision.
List of the Best Scenario Planning Software
- Productive – best project and financial planning software for professional services
- Microsoft Excel – good for beginners to scenario planning techniques
- Workday Adaptive Planning – dedicated but expensive enterprise-level software
- Synario – financial modeling solution with limited operations management features
- Anaplan – AI and machine learning multi-dimensional environment solution
- Vena Solutions – good option for an add-on to a traditional spreadsheet
1. Productive – Effective Scenario Planning for Professional Services
Productive is a professional services automation software for businesses of all shapes and sizes.
It offers end-to-end features for managing day-to-day workflows and business strategy.
We wanted something that could give us a real-time overview of our whole business and serve as a single source of truth. We needed an integrated system that would handle everything from daily task management to high-level forecasting. While exploring options, we came across Productive, and I was immediately drawn to its clean, intuitive interface.
Unlike a lot of dedicated software, Productive offers features at lower costs and provides a modern user interface—you won’t need a dedicated tech team or a legion of consultants to start working on your projects.
Additionally, it can be used both by leadership and management and your production teams, since it also provides time tracking, collaboration, and task management features.
Productive’s core features for strategic planning include:
- Building scenarios
- Financial forecasting (with revenue recognition and profit margins)
- Resource management
- Real-time reporting
Let’s find out more, starting with the most important feature: the Scenario Builder.
Model different financial scenarios with Productive
Scenario Builder
Productive’s Scenario Builder is a tool for simulating future scenarios and improving your financial performance.
Productive’s scenario plans include data on:
- Budget total and used
- Projected revenue and cost
- Profit and profit margins
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Create strategic initiatives by monitoring real-time data
You can build your scenario by adding services provided (either manually or importing them from predefined rate cards). Then, define quantities (for ex. total hours dedicated to the project), resources or employees that will be working on the project, and billing types.
You can also switch to another view to check your resource availability and working periods. Any hours booked in this view will translate into Used Hours and will be applied to your financial scenarios.
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Combine your resource allocation with building scenarios
All of this data contributes to an accurate overview of potential outcomes.
When you’ve built multiple scenarios (by changing around quantities, employees, billing types, etc.), you can compare these financial models side by side on a single page to find your best path forward.
Then, you can apply this scenario to your current plans.
The scenario planning framework can be applied to your projects and your sales deals, to help you create more accurate (and profitable) proposals for potential clients.
Watch the video below to learn more:
Financial Forecasting
Productive’s financial forecasting can help you further monitor your future outcomes on a chosen scenario.
Once you’ve scheduled your staff, you can check how your revenue, budgets, and profit margins will look until the end of your project.
If you add additional staff, change booked hours, or change your scope, these changes will be reflected in your forecasting charts.
With Productive, you can get valuable insights into your current performance and resolve future uncertainties with reliable data.
You can also forecast utilization, which can help you predict future hiring needs and avoid resource bottlenecks.
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Monitor employee efficiency and productivity
Reporting
In additional to forecasting and scenario modeling, you can create a variety of reports within Productive and share them with teams and clients.
Productive’s Reporting includes more than 50 templates on time tracking, resourcing, utilization, profit and revenue, project progress, and much more.
Reports can be customized with specific data and parameters, grouped and filtered in various ways, you can add custom formulas, and switch between various visualizations.
To share your reports, set up automated sending sequences with Productive’s Pulse, or add your reports into a custom dashboard with widgets.
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Make data-driven decisions on various platform activities
Budgeting & Billing
Productive’s Budgeting is connected to scenario planning and forecasting.
Within the platform, you can set up your billable rates and bundle them into agency rate cards. You can also define employee cost rates, and get calculations on your overhead.
Overhead management and expense tracking are built into Productive to help you get more accurate insights into true profitability.
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With Purchase Orders, you can run bills through Productive
Time tracking and billing are connected for hourly rate projects. Track billable vs non-billable hours and pull this data to create brand-friendly invoices and send them from the platform.
Invoicing also includes:
- Tax rate management
- Subsidiaries
- Multi-currency support
- Invoicing reports
- Xero and QuickBooks integrations
Resource Management
With Productive’s Resource Management, you can create a responsive resource plan and ensure that you’re never in a situation where you: don’t know what are employees are doing, who’s available to work on which project, and who’s off.
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Optimize resource allocation with Productive’s integrated Time Off Management
The resource plan is connected to your scenario planning and financial forecasting. It’s the basis of creating plausible scenarios, based on staff cost rates and billable rates and hours scheduled.
To help you manage your plan, you can drag and drop entries, see capacity and availability at a glance with heatmaps, and switch between different views (projects and people-centric).
There are also placeholders for scheduling for future staff, and tentative bookings for scheduling for unconfirmed projects.
Project Management
Productive’s Project Management features include multiple project views for organizing progress. This includes:
- Kanban-like boards with columns and task cards for visualizing workflows
- Gantt view for mapping out timelines and task dependencies
- Workload view for managing tasks and resource capacity
You can also manage your tasks and collaborate with team members. Break up tasks into smaller segments with to-dos, subtasks, and link them together with different dependencies. For managing project information, there’s Docs.
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In Productive, project teams and clients work together towards shared business goals
Additional Features:
- CRM: Productive’s CRM features help manage leads and sales funnels. You can also forecast potential future to create more acccurate client proposals, forecast sales revenue, and convert won deals into projects.
- AI: Productive AI offers a range of AI features. This includes content editing and generation in Docs, AI task summaries, and AI filters for refining views with natural language queries.
- Automations: With Productive, you can create custom, no-code automations that suit your preferences. Just define “when” an automation triggers, and “then”, or what happens next; for example “when” task is updated, “then” send message to Slack.
Integrations
Productive offers seamless integrations with HR, accounting, and collaboration apps.
Integrations include Slack, Google Calendar, and Outlook for scheduling and updates; Xero and QuickBooks for accounting; BambooHR, Breathe, Humaans.io for HRM; Memtime for time tracking; and more.
Pricing
- Plans start with the Essential plan at $9 per user per month, which includes essential features such as budgeting, project & task management, docs, time tracking, expense management, reporting, and time off management.
- The Professional plan includes custom fields, recurring budgets, advanced reports, billable time approvals, and many more for $24 per user per month.
- The Ultimate plan has everything that the Essential plan and Professional plan offer, along with the HubSpot integration, advanced forecasting, advanced custom fields, overhead calculations, and more for $32 per user per month.
You can also try Productive with a free trial.
Try Productive’s Scenario Planning Software
Switch from multiple tools and spreadsheets to an all-in-one solution for project management and scenario modeling.
2. Microsoft Excel – Basic Scenario Planning Staple
Microsoft Excel is the staple for creating and managing your scenario planning templates.
It provides flexibility, it’s accessible, and has powerful features under the hood: with a vast array of formulas, pivot tables, and data visualization tools.
Of course, a notable downside of Excel is that you’ll be doing a lot of things manually. This can introduce errors into your processes (which can snowball for finance teams*), and will also take a lot of time to manage.
*According to research by Blackline, nearly 70% of global business leaders and finance professionals claim their organization has made a significant business decision based on inaccurate financial data.
If you’re just getting started with scenario development, Excel can be a better choice than implementing dedicated system that can be time intensive, costly to implement, and difficult to use.
On the other hand, if you’re already using project management software, investing in an integrated solution with financial modeling features (such as Productive) can be a great choice.
3. Workday Adaptive Planning – Complex ERP Solution
Workday Adaptive Planning is an advanced enterprise performance management (EPM) solution for businesses of various types: communications, banking, energy, healthcare, insurance, and much more.
Key features:
- Financial planning: budgeting, forecasting, scenario planning
- Workforce planning: resource management, headcount and cost
- Operational planning: project planning, sales planning, marketing planning
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SOURCE: Workday Adaptive Planning
Workday Adaptive Planning is a powerful tool for economic scenarios, risk management, and informed decision-making.
However, it has all of the classic downsides of dedicated solutions for scenario building: it’s difficult to implement and use effectively, and it’s expensive. Although pricing is available upon request, online sources state that it goes for upward of $40k a year.
Some users on G2 also state that learning the tool can be difficult without additional cost on training or consultants:
Despite Workday offering official training resources, these may not always meet every user’s specific needs or cover advanced features in depth. Documentation can vary in detail, and users might find that certain troubleshooting information or role-specific training is either limited or scattered across multiple sources.
4. Synario – Financial Modeling and Forecasting Tool
Synario is a financial planning software that offers customizable FP&A solutions for analysts. Synario’s solutions are designed for higher education, water & utilities, transit agencies, public sector, and enterprise-level corporations.
Key features:
- Data import and integrated financial statements
- Object oriented architecture
- Scenario and what-if analysis
- User premissions
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SOurce: synario
In comparison to Workday, Synario offers a more limited toolset: it’s more of a financial modeling software than a robust planning and strategic tool (with resourcing or project planning features).
Its lower price reflects this: According to information on Capterra, Synario’s starting plans come at a fraction of a price of Workday.
On the other hand, Synario is not as well known as other popular systems out there. It only has a handful of reviews on G2 and Capterra, and this can make the decision-making process more difficult.
Another issue is that a smaller user base means that it’s less likely that you’ll be able to find community-led learning materials online.
5. Anaplan – AI-Driven Scenario Modeling
Anaplan is a flexible scenario planning tool and analysis platform for professionals in management and leadership roles across a variety of industries.
Key features:
- Advanced AI and machine learning
- Multi-dimensional data modelling
- Seamless integrations with ETL tools, APIs, and third-party connectors
- Personalized data visualization and insights
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SOurce: anaplan
Anaplan can be a great solution for complex strategic thinking and modeling. However, without a strong technical team and investment into implementation, you won’t be able to get Anaplan’s complete scenario planning toolkit.
In adddition to the costs of getting the solution, you’ll need to invest in an implementation consultant, and set up a dedicated team to manage and maintain it.
If this sounds like too much for your company at this moment, you’d do better by considering a scenario planning project solution such as Productive.
6. Vena Solutions – Spreadsheet-Based Solution
Vena Solutions is an Excel add-on that provides additional analysis features for business professionals that want to automate their spreadsheet workflows.
Key features:
- Various reports and templates
- Control access and permissions
- What-if analysis, rolling forecasts
- Variance reporting and analysis
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SOurce: vena solutions
For businesses that want to stick to spreadsheets, Vena Solutions can be a good option. As a positive a Reddit user states that:
To me, it was a cheap solution that allowed us to get rid of nearly all version control/formatting issues from our excel-based budgeting
However, others have some less-than-positive things to say about it.
First, some believe that the cost of Excel add-ons is simply not worth it compared to a standalone software solution, as it can be difficult to manage them properly and ensure that nothing breaks.
Additionally, it can be a good starting point, but if your business scales, you’ll still need a software solution for your scenario planning process.
Otherwise, some users have issues with Vena itself: some report that the integration is clunky, others that implementation is difficult, and some that it does less than advertised.
If you’re looking for more options for upgrading your spreadsheets, check out our review of the best forecasting software.
What Is Scenario Modeling Software?
Scenario modeling software is a powerful tool that enables businesses to simulate and analyze different potential outcomes based on various assumptions and data inputs.
It allows businesses to create multiple scenarios and compare them to assess potential risks, opportunities, and impacts of different decisions before deciding to go through with them.
For example, you can create a scenario where a development senior works on a project, and model a different scenario with two mid-level developers. Then, you can compare how it impacts budgets and profit margins.
This is a simplified example—scenario modeling is very powerful, and can be used for financial planning, sales planning, project planning, resource planning, and more.
It’s also suitable for businesses of various shapes and sizes, although mid-sized to larger enterprises that work with multiple projects, resources, and financial scenarios might see more benefits from it.
Ultimately, scenario modeling software helps businesses build resilience, improve agility, and make data-driven strategic decisions.
How Do You Create a Scenario Plan?
Depending on which system you’re using, the steps towards building a scenario plan can differ. Here is a generic outline for scenario development:
- Start by defining the key variables and uncertainties that could affect your business; this is the data that you’ll need to model a scenario
- Based on historical data and expert insights, create a set of reasonable assumptions about how these factors may evolve
- Design different plausible scenarios—best-case, worst-case, and most-likely cases—by adjusting variables to reflect different conditions
- Use modeling solutions to evaluate the impact of each scenario; consider how revenue, costs, and resources will be affected under different conditions.
- Create contingency plans for each scenario; identify the best option for your business and proceed with regular project planning and execution
- Regularly review and refine your potential scenarios as new data becomes available, ensuring they remain relevant and actionable
Benefits of Scenario Planning Tools
Scenario planning solutions offer significant advantages for organizations looking to navigate uncertainty and make informed decisions. Key benefits include:
- Improved risk management, as businesses can identify potential risks to their bottomline and cash flow
- Improved decision-making based on reliable data rather than guesswork
- Optimized resource allocation that relies on predicted needs and outcomes
- Competitive advantage compared to businesses that don’t use scenario modeling
- Maximizing efficiency by developing a strategy for the best possible outcome
By leveraging scenario planning tools, businesses can strengthen resilience, improve forecasting accuracy, and position themselves for long-term success.
How to Choose the Best Scenario & Data Analysis Software
You have a couple of different options when looking for tools for scenario modeling.
If you’re working in a midsized company or larger, you have time and resources to invest in implementation and consulting teams, and a dedicated team to manage your planning tool, you can consider a dedicated solution like Workday or Anaplan.
If you want to keep working with spreadsheets, you can try boosting your processes with an Excel add-on tool such as Vena Solutions as a temporary solution (until your business grows larger).
And, if you want to get the best of both words, you should try Productive. It’s a great option for professional services businesses that want to manage projects, model scenarios, and optimize their financial management, all in one tool.
Book a demo with Productive today to learn more.
Try Productive’s Scenario Planning Software
Switch from multiple tools and spreadsheets to an all-in-one solution for project management and scenario modeling.
FAQ
1. Which Companies Is Scenario Planning For?
Scenario analysis software is versatile and can be used in companies across various industries, including healthcare, retail, manufacturing, and logistics. Businesses in these sectors use it for workforce planning, supply chain management, market expansion strategies, and risk assessments to prepare for potential disruptions or opportunities.
2. Is Cloud-Based Scenario Planning Solutions Better than On-Premise Solutions?
Cloud-based solutions offer flexibility, scalability, and real-time collaboration, making them ideal for teams working remotely or across multiple locations. They also provide automatic updates and integrations with other business tools, whereas on-premise solutions may offer more control but require higher maintenance and IT support.
3. What Are the Main Steps of the Scenario Planning Process?
The scenario planning process starts by identifying key factors that could impact your business, like market trends or resource availability. Then, you create different possible scenarios (best-case, worst-case, and most-likely), analyze their effects, and use the insights to make informed decisions and plan ahead.
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