CategoryForecasting
Forecasting
Forecasting
Financial Forecasting vs. Projections
When you refer to a forward-looking financial prediction, do you call it financial forecasting or a financial projection? Often, these terms are confused or used interchangeably. But there are some key differences that you should understand. The main difference is in the timing. Financial forecasting addresses your immediate predictions, while projections focus on the long […]
Forecasting
4 Steps to Reducing the Pain of Planning and Forecasting [Webinar Recap]
While summertime is here in the Northern Hemisphere, budgeting season is just around the corner. That’s right, in a few months you’ll be starting the planning process for 2018.
Forecasting
4 Steps to Successfully Implementing Rolling Forecasts | Planful
Does this scenario sound familiar? It’s the final month of Q2, and the Finance department will soon be looking at mid-year financial results and comparing them to the original budget.
Forecasting
What is a Rolling Forecast?
Rolling forecasts are becoming a popular add-on or an alternative to the traditional approach of annual budgeting in organizations.
Forecasting
Rolling Forecasts – Transform Planning and Increase Business Agility
While the annual budgeting process is an important step in setting goals and defining resource allocations for the coming year, the pace of change in today's business world typically makes the annual budget obsolete after a few months.
Forecasting
Budgeting, Planning, and Forecasting in 2017 & Beyond
Budgeting, planning, and forecasting are critical steps in the enterprise performance management (EPM) process.
Forecasting
Improving Agility in Planning and Forecasting
In the recent webcast, How Finance Leaders Plan and Forecast with Agility, a survey highlighted that nearly 55 percent of respondents see planning and budgeting as their primary EPM priority.
Forecasting
Best Practices for Streamlining Budgeting and Forecasting
Budgeting and forecasting is an integral part of every business, and yet it is often the most inefficient.
Forecasting
Building a Better Budget with the Help of Rolling Forecasts
Budgeting is a concept constantly riddling the minds of CFOs. How can a company build a better and more efficient budgeting approach that will maintain accuracy, while improving agility?
Forecasting
7 Factors That Influence the Success of Rolling Forecasts
Remember the baseball great Yogi Berra? One of my favorite Yogi quotes is "It's hard making predictions - especially about the future." This is especially true in today's market.
Forecasting
Is Your Annual Budget Obsolete? Try Rolling Forecasts to Stay Ahead
Well, the first quarter of 2016 is behind us. Is your 2016 annual budget already obsolete? Probably - and why? Because "stuff happens" and conditions can change quickly in business. That makes it nearly impossible to accurately predict revenues and costs quarters, or even months in advance.
Forecasting
Improving the Planning, Budgeting and Forecasting Cycle
Budgeting, planning and forecasting is a challenging ordeal. For large, dynamic enterprises, it can be incredibly difficult to accurately forecast and allocate budgets across departments.
Forecasting
Using the Cloud to Enhance Modeling and Forecasting
In order for businesses to create detailed, accurate financial forecasts, the forecasts need to be based on current and fully integrated financial and operational data.
Forecasting
Static Budgets vs. Rolling Forecasts: Which Is Right for You?
Static budgets and rolling forecasts are two drastically different approaches to achieving a similar goal - predicting the future finances of a business.
Forecasting
10 Tips to Improve Rolling Forecasts
To thrive as a business, you need to be able to predict your future earnings and expenses, so you can make smarter business decisions.
Forecasting
What are the Benefits of Rolling Forecasts?
Financial budgeting is the process of allocating resources based on projected sales, headcount, capital and operating expenses, in order to achieve financial objectives.
Forecasting
Beyond Budgeting – Are You Ready?
Many organizations are dissatisfied with their annual budgeting process. Many even dread it. Yet most organizations continue to support the annual ritual.