Tag Archives: Forecasting

SF Magazine: Financial Forecasting Amid COVID-19

“Companies are missing opportunities to grow revenue and improve margins by approaching the data they collect too narrowly.” Here are “three steps to move toward dynamic planning”: Democratize your data Bring financial data into operations Bring financial data into strategy Read More at SF Magazine >

CFO Dive: CFOs Facing an Unprecedented Range of Risks Find an Edge in Analytics

There are better ways to plan your business finance strategy than on a spreadsheet with old data! ““I’m afraid a lot of firms today do their forecasting on the back of an envelope,” Keating said. “The use of predictive analytics is a very important way to compete.”” Read More at CFO Dive >

CFO Journal: Financial Reporting Trends: Forecasting, Communication, Internal Controls

“While there is not a one-size-fits-all approach to addressing current forecasting challenges, the following strategies have proven to be effective for a number of companies: Evaluating recovery and financial forecasts from an outside-in perspective first—specifically, focusing on the factors, issues, and conditions outside of a company’s control that are known and knowable Automating components of […]

SF Magazine: Managing International Operations in Uncertain Times

“It’s also evident that foreign currency exchange rates, interest rates, and inflation inherently carry an element of uncertainty and volatility, which represents risks that financial professionals must manage in order to better forecast, monitor, and control the performance of their organization’s international business operations.” Read More at SF Magazine >

CFO Journal: Medtronic CFO: The Role of Finance in Crisis Response

Finance plays a crucial role. Along with the CEO and our business unit leaders, our global finance organization is a strategic partner in developing and ensuring strong execution against our longer-term strategy. Strategy needs to be tied closely to investments, financial planning, and forecasting, so our finance teams have a natural connection to strategic planning […]

Making Better Decisions is Both Art and Science

“External factors will always have an impact, and this includes luck, as good and bad fortune can clearly be influential in determining success or failure. But a sound internal approach to decision-making will insulate the business from this, while also mitigating the stress attached to making decisions.” Read more at CFO.com >

AFPs Eight Steps to Rolling Forecasts

With more organizations shifting from traditional budgeting to rolling forecasts, The Association for Financial Professionals has shared their list of 8 steps to help finance teams avoid missteps at every stage from goal setting to tracking performance. Read the 8 Steps for Creating a Rolling Forecast >

CFO Trends for 2020

CFO Dive shares it’s list of five trends for CFOs to watch in 2020, including the insight that more finance operations will move to a rolling forecast. By enacting this trend, it creates a “rolling time horizon [that] enables executives to make decisions based on market dynamics rather than an artificial target”. Read CFO Dive […]

The Total Cost of Effective Budgeting and Forecasting

Plans, budgets, and forecasts can be some of the most valuable contributions that finance makes to the business. Ideally, they help organizations know what’s coming down the road and remain agile enough to respond to uncertainty and to keep the business moving forward. The goal of these processes is to produce planning, budgeting, and forecasting […]