This article considers a case study from a laboratory testing company, which changed its approach to budgeting and created separate profit centres during the pandemic between 2020-2022.

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The budget process still requires a lot of time and effort, which risks creating an outdated financial picture before the year starts.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.