7 Secrets to Corporate Financial Forecasting Success

Companies of all sizes are dealing with more complexity than ever before when it comes to budgeting and financial forecasting. With more informed consumers, global markets, and rapidly advancing technologies, it has become exponentially more important to use financial forecasting processes that are more efficient and adaptable to changing business conditions.   A report published…

More Data ≠ Competitive Advantage: Using Business Intelligence to Drive Revenue and Profits

In today’s business world one constantly hears that to compete one needs to understand and use technology to one’s advantage.  This is also true in the Financial Planning and Analysis (FP&A) world and we constantly hear about the various technologies and tools we should be using that will make forecasting easier, more accurate and beneficial…

Zero-Based Budgeting – Piece of Coal to Rising Star

Zero-based budgeting has been the unwanted stepchild of the financial planning and analysis (FP&A) world for decades. Chief Financial Officers would lie to their friends about how they budget and say they do cool things like rolling forecasts, beyond budgeting or at the very least incremental budgeting at cocktail parties but NOT zero-based budgeting which was…

Roll On Roller Coaster – The Rolling Forecast Budgeting Process

Agility is a key feature of any successful organization. The ability to adapt to changing circumstances without compromising on efficiency or profitability can pave the way to long-term growth and sustainability. One effective way in which businesses can become more dynamic is adopting a rolling forecast. Generally, every business follows some model of projection when designing…

5 Pitfalls That Can Kill Your Financial Forecast

Most large organization spend a considerable amount of resources performing some type of financial forecasting. Conversely, small and medium-sized businesses spend less time on planning for the future. Larger organizations have more to lose, therefore, the need to actively assess changes in the market to take advantage of opportunities or avoid risks becomes a more…