Unlike budgets that may have hundreds of line items, rolling forecasts focus on key business drivers. And rather than focusing on the past, rolling forecasts act as early warning systems when you’ve drifted off-course; they help to raise visibility beyond the traditional budgeting “wall” by continually updating your forecast with actuals, you’ll be able to quickly adjust the levers that drive performance. Here are three ways rolling forecasts can help you plan the unexpected
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Charting a course with rolling forecasts

Many businesses spend weeks or months laboring over the annual plan or budget, even though by the time it’s finished, the market has changed dramatically and its assumptions are out of date. They forecast based on historic data and the best guesses of functional business leaders and line managers. But there’s… [READ MORE]

Traditional budgeting is too rigid to keep up with today’s rapidly changing business environment. Here are five tips to modernize your budget process.
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Modernize your budget process to anticipate change

Traditional budgeting is simply too slow and too rigid to keep up with today’s rapidly changing business environment. There is great volatility, complexity, and uncertainty in the future. Gone are the days when budgets could be one-and-done—tied to a fixed point in time and too inflexible to adjust to quickly… [READ MORE]

As a finance leader, you’re intimately familiar with your company’s data and KPIs. But guess what? Most of your board members aren’t—and they don’t want or need that level of detail. What do they want? Like your CEO, board members are searching for trusted, strategic deputies who can provide high-level, holistic insight that helps them navigate the swirling currents of today’s business world
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How to crush your next board presentation

As a finance leader, you’re intimately familiar with your company’s data and KPIs. But guess what? Most of your board members aren’t—and they don’t want or need that level of detail. What do they want? Like your CEO, board members are searching for trusted, strategic deputies who can provide high-level,… [READ MORE]

Spreadsheets may still be a great choice for some tasks, but not for the kind of agile planning and analytics required in today’s fast paced business environment.
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A future without spreadsheets?

The global marketplace is moving faster, requiring companies to be more agile than ever in this age of urgency. Yet businesses—and specifically finance teams—still rely on tools that sustained them decades ago. Those tools were designed for an age when planning was an annual, top-down and linear process, but today… [READ MORE]

You want full business partner participation in planning, budgeting, and forecasting but you struggle to engage other departments in the process. Does this sound familiar? We thought so. But don't fret. Here are five tips to spark cross-functional engagement and build confidence in the financial planning process.
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How to increase companywide engagement in your planning process

You want full business partner participation in planning, budgeting, and forecasting but you struggle to engage other departments in the process. Does this sound familiar? We thought so. But don’t fret. Here are five tips to spark cross-functional, companywide engagement and build confidence in the financial planning process. 1. Define… [READ MORE]

So how do you get other departments to collaborate with finance? Start by empowering your business partners with more ownership and accountability in the data and your process.
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In business planning, collaboration pays off

When it comes to business, collaboration is vital. After all, no single department can do its job for long without the other departments pulling their own weight. Sales is no good if shipping can’t deliver; marketing falls flat if customer service keeps alienating users; everything grinds to a halt if… [READ MORE]