Finance leaders have long relied on annual budgets to establish consistent expectations for their companies throughout the course of a year.
But finance leaders also acknowledge how rapidly changes to economic conditions and regulatory requirements can upend or even render obsolete the assumptions that underlie annual budgets. Under these circumstances, a growing number of organizations employ rolling forecasts alongside or even in place of annual budgets.
Given how entrenched the practice of annual budgeting is within most companies, finance leaders can face challenges in gaining support for an approach to budgeting that entails adapting to the current business environment rather than adhering to outdated goals.
During this Webcast, you will learn:
- What distinguishes rolling forecasts from traditional approaches to budgeting,
- How to evaluate the benefits and risks of incorporating rolling forecasts within your current budgeting process,
- What characterizes organizations that implement rolling forecasts effectively,
- How to gain support for rolling forecasts throughout your company, and
- Best practices for establishing a culture of collaboration to maintain the timeliness and accuracy of rolling forecasts.