Fortunately, modern techniques let businesses create an open-ended dynamic process of continuous planning. It should not be confused with the Rolling Forecast, as these are two different notions. Hashim Ahmed, CFO at Jaguar Mining Inc., explains the key advantages of continuous planning based on their corporate approach.
Enhanced Driver-Based Planning and Forecasting within the organisation is an essential part of the roadmap toward modern Financial Planning and Analysis (FP&A).
Who could foresee the current inflation levels that we can see in developed economies? Inflation is a phenomenon that, if not understood correctly, can lead us to wrong conclusions and, therefore, to wrong decisions.
The budget process still requires a lot of time and effort, which risks creating an outdated financial picture before the year starts. This blog explores how much value should be placed on detailed budgets and examines the methods that can help streamline any budget team.
Watch this video from Garrett Dennie to learn how process and integration can pay valuable dividends.
Installing a planning tool early, regardless of the company's situation, is a good idea despite the investment required. Prioritising the proper criteria based on organisational needs using a checklist of standards will help compare all the different tools on the market to identify what suits the organisation best.