FP&A Trends Digest: Issue #51
Issue #51 - 20 November 2021

Dear colleagues,

For Jack Welch, former CEO of GE, budgeting ‘sucks the time, energy, fun and big dreams out of an organisation’.

As we approach year-end budget finalisation, you might be experiencing something similar – especially if you are using traditional budgets, which quickly become outdated.

But there is an alternative to the traditional budgeting process: Rolling Forecasting. If implemented properly, Rolling Forecasts have the potential to add considerable value for FP&A, and can even help to move away from the traditional budgeting process.

In this issue, we have collected content that explores Rolling Forecasting, its potential and practicalities. You will find two articles that break down the benefits of adopting Rolling Forecasting, along with one that explains how to mitigate potential challenges. We also included a short video with an insightful case study of Rolling Forecast delivered by the SBB Cargo CFO.

At the bottom of the digest, there are invitations to our upcoming meetings. I look forward to seeing you at one of these digital events soon.

Jack Welch may have described budgeting as a drain on organisations, but I hope this issue demonstrates that it need not be!

Kind regards,

Larysa Melnychuk

CEO and Founder

FP&A Trends Group &

International FP&A Board
Popular Content

Ten Reasons to Adopt Rolling Forecasts

By John Stretch

With today’s rapid pace of business change, an annual budgeting approach can be a competitive disadvantage. This is where Rolling Forecasts come in, allowing dynamic, agile responses to the environment. Read this breakdown of the core benefits of adopting Rolling Forecasting.

Rolling Forecast – FP&A Wants it for Sure, but Does Anyone Else?

By Amrish Shah

The potential benefits of Rolling Forecasts are undeniable. But implementing them successfully requires recognising the potential costs and challenges at all levels of the organisation, and taking steps to mitigate them. Find out more in this article.

We Need a Rolling Forecast! Really? Why?

By Steve Morlidge

Rolling Forecasts are often described as ‘best practice’, but a surprising number of professionals misunderstand their most basic principles. So, what exactly are Rolling Forecasts, and how often should we update them? This piece from a leading performance management thought leader explores the answers.

Rolling Forecast: An Instrument to Optimise Decision-Taking

By Stefan Spiegel

The CFO at Swiss Railway Freight Logistics (SBB Cargo AG) shares how his own company successfully implemented this agile alternative to traditional budgeting. He provides checklists for success, and also explores some aspects of the current process that could still be improved.

For more Insights from FP&A Trends, please click here.
FP&A Trends Digital Events

FP&A Trends digital events are vendor-agnostic and complimentary. If you are not able to join the live session, you can register to receive the recording later.

07 December 2021

FP&A 2030: Key Skills and Capabilities for the Next Decade

With the pace of change in business only accelerating, it is increasingly crucial to ask ourselves whether we are adapting fast enough. Is FP&A keeping up with the transformations in the environment? And what are the skills necessary for an ever-changing finance function? Register for the Digital Central European Board to find out the answers.

09 December 2021

Rethinking Traditional Approaches to Cash Flow Forecasting

Cash Flow forecasting is a difficult skill to master, even in the best of times. But in an environment of high uncertainty, it is all the more important to develop a ‘Cash Flow’ mindset that meets the demands of the present. Join this webinar to hear our panel discuss rethinking traditional approaches to Cash Flow Forecasting.
     

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