Future Of Forecasting And Budgeting With Rolling Forecast

In a fast-changing, technology-driven business environment, planning for an unpredictable future is a constant challenge. Traditional budgeting struggles to keep up: it takes too long, rests on assumptions that may not hold, looks at past events instead of future possibilities, creates a "use it or lose it" mindset and limits creative resource management.

This 75-minute rolling forecast webinar explains the key differences between rolling forecasts and traditional budgets and the advantages of making the switch. You'll learn the five core components of rolling forecasts, how to use key business drivers and cash to shape outcomes, the role of technology, and how to validate forecasts with what-if analysis.

Simple examples and exercises reinforce each point, from dashboards to driver-based forecasts.

• Explain why rolling forecasts are critical in a constantly changing environment
• Describe the five core components of rolling forecasts
• Use key business drivers and cash to influence future results
• Apply technology to rolling forecasts
• Validate rolling forecasts with what-if analysis
• Focus resource management on future possibilities rather than past events
• Move from data-based budgeting to driver-based forecasting for resource allocation

• The meaning and concept of rolling forecasts
• Why rolling forecasts matter in a turbulent environment
• Key business drivers as the basis for rolling forecasts
• Using key business drivers and cash to influence the future
• Why cash is a key business driver
• The core components of rolling forecasts
• Using technology
• Simple techniques from dashboards to driver-based forecasts
• Samples and exercises to reinforce teaching points
• Validating forecasts with what-if analysis
• A six-step Excel platform to convert to rolling forecasts
• A two-step Excel platform to migrate forecasts to the budget system
• Benefits of rolling forecasts
• Pitfalls to avoid
• Selling the culture change needed for rolling forecasts

Rolling forecasts are quickly replacing traditional budgeting as companies look for better ways to manage resources in a turbulent market. This session encourages finance staff to think differently and gives them practical tools, including a six-step Excel platform for converting to rolling forecasts and a two-step Excel platform for moving forecasts into the budget system.

It suits business managers and owners, entrepreneurs, financial and business analysts, CAOs and CFOs.

• Business Managers/Owners
• Entrepreneurs
• Financial/Business Analysts
• CAO and CFO