The Ledger

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Tag Archives: Forecasting

CFO Journal: Automated Financial Forecasting: Upgrading Talent Models

“Functional finance expertise alone is not enough. To architect a finance function to achieve continuous forecasting, it is critical for the CFO to instill a bias for data-based decision making, continuous improvement of data and predictive models, and a passion for technology enablement.”

Read More at The Wall street Journal >

CFO Journal: Automated Financial Forecasting: Remaking the Planning Process

“A solid foundation of data quality and data management is the first essential input to establishing automated, adaptable, and real-time forecasting. Leveraging continuous flows of data, algorithmic forecasting models allow organizations to quickly adapt to ever-changing business environments.”

Read More at The Wall Street Journal >

CFO Journal: Automated Financial Forecasting Built on a Foundation of Data

“The effort requires CFOs to take an end-to-end approach to data management, process design, and talent—at the same time. Integration across all three is critical to really enabling automated, real-time financial forecasting. The prize is the ability to produce forecasts on-demand, leaving behind an environment where it takes so long to build quarterly forecasts and annual plans that key drivers may shift, impacting the forecast.”

Read More at The Wall Street Journal >

FP&A Trends: An Annual Plan Is A Map. A Rolling Forecast is A GPS.

“The only way for companies to navigate forward and still achieve existing goals — including simple survival — would be exploring multiple potential changes and building various scenarios to prepare a range of decision-making paths through newly uncertain terrain.”

Read More at FP&A Trends >

CFO Magazine: 3 CFO Priorities for An Unstable Time

“CFOs are asking their crews to sail across the ocean without a map. Finance chiefs need to step up their focus on reliable demand forecasting.

Technology can be a major help. Has your company’s finance group started using digital tools such as predictive analytics and business visualization applications?  These tools improve management’s understanding of business drivers and their impacts.”

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Supply Chain Dive: Stop Kicking the Can: Why Companies Must Think Long Term to Solve Supply Chain Challenges

“Businesses used to have the luxury of creating financial forecasts monthly or quarterly. Now, this process must be conducted on a more real-time basis. The pandemic has caused many finance organizations to adapt their approach to forecasting. By working closely with the supply chain office on forecasting, finance organizations can help the supply chain to become more flexible, agile and predictive in meeting the challenge of future disruptions.”

Read More at Supply Chain Dive >

CFO Magazine: Supply Chain Turmoil: Applying the Lessons

“Improved planning and forecasting, if an organization undertakes the effort, will come in handy as lead times return to normal levels and suppliers return to realistic production schedules. It will also help if consumer and business-to-business demand wither due to persistent price inflation.”

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CFO Dive: Small Businesses See Inflation as No. 1 Challenge

“Rising prices for months have disrupted CFO budgeting, risk management, forecasting and pricing, and show no signs of easing.”

Read More at CFO Dive >

FP&A Trends: My Top Five Predictive Planning Lessons

“Ask people what predictive analytics is about – they might mention a crystal ball or sci-fi novels. In practice predictive analytics has nothing to do with black magic or rocket science. It is a proven and robust technology, based on math, that can bring concrete benefits to finance organisations, when rightly used.”

Read More at FP&A Trends >