Two years ago, the company moved away from our annual budget and monthly variance reports, and adopted quarterly rolling forecasts supported by key performance indicators and scorecards. Is this approach useful to a line manager?
The Copenhagen FP&A Board took place on the 29th of October to debate the key factors for successful Rolling Forecast implementation.
Today’s FP&A practitioners are highly trained professionals with a greater ability to see the big picture, analyse and interpret data, and build predictive models. They are also experts in harnessing the power of information technology. They are able to create detailed cost and revenue databases that unlock patterns and trends in business behaviour and to build sophisticated and responsive forecasting models. We do rolling forecasts because we know they are better and because we can.
On 17 October 2019, I had the pleasure of facilitating, the 2nd Paris FP&A Board.
On 15 October 2019, I attended the 7th Stockholm FP&A Board, which was sponsored by OneStream Software and Michael Page. The topic of the evening was rolling forecast.
FP&A Trends E-Books is a series of publications consisting of articles on FP&A-related subjects. The issues are regularly published on the FP&A Trends website and are available only to the website subscribers. The first issue is devoted to the rolling forecast philosophy and contains articles from Larysa Melnychuk, Steve Morldige, Richard Reinderhoff, Elena Kiristova and Thorstein Siglaugsson.