A recent FP&A Trends Webinar focused on how to master rolling forecasts and how they can revamp the way an organisation works. This article summarises this insightful meeting, interactive polling questions and compelling discussions.
FP&A is no longer just a reactive part of an organisation. It has now become a very proactive partner in the business planning process. The modern FP&A is responsible for running multiple scenarios to equip the business decision-makers with a rich data set.
Companies nowadays are looking at using specialised FP&A solutions to help improve accuracy and efficiency of the forecasting process. Depending on the maturity of the FP&A function, we can roughly divide companies into three levels of maturity in terms of their use of specialised FP&A solutions.
2020 has been the most difficult year in modern history. As Einstein said, “In the middle of every difficulty lies opportunity.” This survey we believe offers hope, insight, and a much-needed reality check on where FP&A is today. It also forecasts what needs to happen for FP&A teams to develop their best practices from theory into reality.
As long as there are humans involved in making a forecast, the forecast will be biased. But there are some steps to make a forecast unbiased. This article will look into the unbiased forecasting framework and will explore the methods where humans have minimal influence on the outcome.
This article focuses on the operational budget’s enhancements for the rolling forecast process and shows 7 possible benefits.