2023 - Re-Imagine Planning & Budgeting in an Inflation Driven post COVID-19 Environment

The current technology-driven turbulent business environment presents many challenges to business managers. One primary challenge is the ability to predict and plan for the future which is unexpectedly unpredictable. Changes are constant. Companies struggle to find ways to find manage resources and find ways to thrive and survive in this turbulent business environment.
Traditional budgeting has been overtaken by these constantly changing events as is currently outdated and irrelevant for the following reasons:
Too time-consuming
Based on assumptions that may not be valid
Focuses on past events, not future possibilities
Creates a “use it” or “lose it” mentality
Restricts creative thinking in resource management
Rolling forecasts are the wave of the future. They are rapidly replacing traditional budgeting. This webinar outlines the critical differences and advantages of rolling forecasts over traditional budgeting. It challenges finance personnel to think outside the box and embrace the advantage of rolling forecasts.
WHY SHOULD YOU ATTEND?
Why rolling forecasts are critical in today’s turbulent and constantly changing environment
The five core components of rolling forecasts with simple explanations and exercises to reinforce the learning points
The use of key business drivers and cash to influence and impact the future
The role and use of technology in rolling forecasts
How to use “What If” analogies to validate rolling forecasts
Six-Step Solution to creating Rolling Forecasts
Two-Step Solution to migrate Rolling Forecasts to Budget System
How to focus on future possibilities rather than past events to manage resources
How to move from data-based budgeting to driver-passed forecasting as the foundation for resource allocation and utilization
Rolling Forecasts meaning & concept
Six-Step excel platform to convert to Rolling Forecasts
Two Step excel platform to migrate forecasts to the budget system
AREA COVERED
Using key business drivers and cast to influence and impact the future
Why rolling forecasts are critical in today’s turbulent environment
Definition of key business drivers as the basis for rolling forecasts
The relevance of cash as a key business driver
The core components of rolling forecasts
The use of technology
Simple techniques to make it happen. From dashboards to driver-based forecasts
Simple samples and exercises to reinforce teaching points
Using “What If” analogies to validate forecasts
Benefits of rolling forecasts
Pitfalls to prevent
Selling the culture changes to make rolling forecasts acceptable
WHO WILL BENEFIT?
Business Managers/Owners
Entrepreneurs
Financial/Business Analysts
CAO & CFO