How do forecasts differ from budgets?

If we update our view of the future more frequently and don’t confine it to the financial year it is obvious that this will be more useful than traditional annual budgets based on the financial year. So, you might think, forecasts are like budgets but done more...

Traditional Budgeting: what are the alternatives?

It is difficult to defend traditional budgeting, so even those who worry about not having budgets don’t try to. Instead they argue that the problems are not with budgeting – it is to do with the way that they are produced. We don’t need to change budgeting; we...

Rolling Forecasting is the New Annual Budgeting

While increasing economic uncertainty is leading to increased aversion to risk among CFOs, accepting change and uncertainty as a daily norm can help reduce the chance of storms when it comes to an organisation’s future. Just like weather forecasting, financial...

10 Tips to Improve Rolling Forecasts

Register to our Replacing the Annual Budget with Rolling Forecasts webinar – 27th July – 2:00pm to 2:30pm here: https://goo.gl/HK1WQR To thrive as a business, you need to be able to predict your future earnings and expenses, so you can make smarter business decisions....

Analytics and the cloud: The Internet of Things

Managing the growth of a connected world to gain new insights Sensors are driving the explosion of data Stop for a moment to consider where sensors act all around you. People can run entire businesses from their phones, vehicles are filled with diagnostic and climate...