The fifth meeting of the Geneva FP&A Board was held in a beautiful new location at SPACES.

We had over 30 members discussing how Rolling Forecast could be a huge success or a huge disaster depending on the "key factors". The participants represented a wide range of companies, including:

• Bosch Packaging Technology
• Cartier
• JT International SA
• Medtronic
• Oriflame Cosmetics Global
• Tetra Pak
• and many others.

Agenda

• Rolling Forecast: main definitions, advantages and disadvantages.
• Rolling Forecast: key factors of success.
• Mini-case studies from Imre Orban, Finance Controlling Director at Coty, and  Mark Quinn, Finance Director at Honeywell 
• Beyond Budgeting and Rolling Forecast.
• Three Stages of Rolling Forecast Maturity - group work.
• Conclusions and recommendations.

Imre Orban, Finance Controlling Director at Coty, and  Mark Quinn, Finance Director at Honeywell, shared mini-case studies with the group and inspired interesting discussions. At the end of the discussion and small group work the Board members came to several conclusions:

• Traditional Forecasting Process has many limitations.
• Rolling Forecast (RF) is a better alternative as it gives a better perspective and flexibility.
• However, the adaptation process of RF is slow and success stories are rare.
• There are seven factors of successful implementation: culture, people, models and systems, processes, design, integration and collaboration. All of them should be taken into consideration. 

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