The Ledger

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Tag Archives: Forecasting

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.”

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CFO Dive: 4 CFO Scenarios – and Fixes – for Inflation

““Part of taking the scenario-based view is making sure that leaders — CFOs and other leaders — are prepared no matter what future comes to pass,” according to Andrew Blau, a managing director at Deloitte. “We stress the importance of being prepared for all the scenarios.””

Read More at CFO Dive >

FP&A Trends: Financial Planning in the Age of Uncertainty

“Uncertainty can take many forms. It can manifest in a natural disaster, the merger or acquisition of a competitor, geopolitical changes, or a global pandemic. In fact, the current Covid-19 crisis has challenged the forecasting models used, especially when it comes to predicting the evolution of a company’s business in a highly uncertain environment.”

Read More at FP&A Trends>

CFO Journal: How to Act in the Face of Uncertainty

“Until recently, business leaders could assume that the immediate future would bear enough resemblance to the recent past that they could construct sturdy forecasts out of the data, assumptions, and real-world experience they’d been accumulating. Relying on continuity from past events, however, has always been a specious practice, especially in fast-moving industries, and can be existentially dangerous today.”

Read More at The Wall Street Journal >