Are rolling forecasts the answer?
Today Finance leaders need so much more information at their fingertips to feed the demand for better insights and analysis from the business as a whole.
There is a lot of talk about rolling forecasts, but how do you get there in practice?
What tends to halt most, when considering moving to a more regular forecasting format is the the volumes of data needed to keep plans current and the onerous process for contributors and the finance team of updating forecasts with new information.
There are tools available which can help reduce the workload and improve usability for all. Formulate can take you through some of these; looking at accessibility , the use of driver based models and the integration of different strands of data which could offer more manageability and provide a more complete picture.
As with all solutions you have to ask if they are the right route for your company, and in this webinar we explore these questions, whilst offering some practical steps in moving to rolling forecasts.
Webinar discussion topic: Rolling forecasts
- How will they affect contributors to the planning process, senior management as well as the finance team?
- How will they work for my organisation?
- Does everyone share the same goals from moving to forecasting more regularly?
- Practical steps in moving to rolling forecasts?