THE BENEFITS OF A ROLLING FORECAST
In an unpredictable business landscape finance teams need to accurately predict the future.
Companies don’t expect their operations to encounter economic and political interruption. And in such unpredictable business landscape, chief financial officers need to accurately predict the future. Those who don’t, find it difficult to operate, plan and deliver valuable performance results. In such landscape, finance teams need the most reliable and relevant insights into risks and opportunities that their businesses are about to face.
Usually, teams set up their financial plans, forecasts and budgets at the beginning of the organisation’s fiscal year. Unfortunately, many fail to revisit their budgets and forecasts and some even abandon these completely throughout the year. Which often leads to a heap of problems and can drives businesses to failure through cash flow and production problems.
By undertaking good and frequent financial forecasting, organisations can help minimize business risk and prepare for any events in the future. This whitepaper discusses the reasons for making rolling forecasts a reality.
At a glance:
- Why is forecasting useful for a business?
- Numerous benefits of forecasting to business strategy.
- Budgeting and forecasting, why is budgeting not enough!
- The power of a rolling forecast!
- 5 Reasons why rolling forecasts will change your business!
- Your road to success!