Published By: Prophix
Published Date: Jun 03, 2016
For an increasing number of organizations, enterprise performance management (EPM) tools are enabling senior finance executives to integrate plans, understand where they're losing money, move from annual budgets to rolling forecasts, and identify opportunities for strategic improvements. During this Webcast, a panel of experts will explore: • Why business intelligence and business analytics are each important to your business; • How Big Data and analytics can help your organization answer more questions and ask even better ones; • The capabilities that enterprise performance management software offers organizations; and • How to evaluate what your organization can gain by implementing enterprise performance management software.
Published By: Prophix
Published Date: May 31, 2016
With Prophix you can produce rolling forecasts, multi-year forecasts, daily forecasts and driver-based forecasts. With a centralized application, organizing fragmented data from multiple sources and change assumptions easily and create a multitude of scenarios.
With such proven and widely recognized benefits, how many companies are
using rolling forecasts today? The short answer is, it depends on whom you
ask. On the whole, adoption rates range from less than 5% to over 75%,
depending on how you define a true rolling forecast.
In recent years, business forecasts have had to become faster and more flexible—ready to be adjusted at a moment’s notice. As earnings and product cycles accelerate, it has become clear that the business world is decisively moving towards treating rolling forecasts as standard. A slow process of budgeting and forecasting is no longer enough.
This digibook contains a step-by-step guide on how to meet stakeholders’ expectations, with case studies and examples of how smart CFOs are adapting their processes to improve the quality and timeliness of their business forecasting.
In recent years, business forecasts have had to become faster and more flexible-ready to be adjusted at a moment's notice. As earnings and product cycles accelerate, it has become clear that the business world is decisively moving towards treating rolling forecasts as standard. A slow process of budgeting and forecasting is no longer enough.
EXPERT GUIDE TO CREATING A ROLLING FORECAST FRAMEWORK
Ten Best Practices For Streamlining Your Planning Processes
Gaining a crystal ball look into your company’s future starts by creating a rolling forecast framework built on driver and project-based planning.
Download this guide to discover the actionable steps to:
-Identifying the dynamics of revenue and the related drivers.
-Generating your financial objectives for rolling forecasts.
-Replacing Excel with the functionality to accommodate your budget and strategic management.
Learn how to transform your planning processes with the full benefits of rolling forecasts in this white paper.
Do your plans and forecasts need a reality check?
The quality of your strategic decisions is only as good as the quality of your forecasts. And forecasts are only good if they reflect current reality—not the reality of two, three or more quarters ago. Enter “continuous planning.” With a methodology for forecasting at frequent intervals throughout the year, continuous planning “enables managers to see trends, patterns, and ‘breaks in the curve’ long before their competitors, and thus make better informed decisions regarding products and markets.”
In this free online webinar, speakers Jim Collins & Guy Jones will explain how continuous planning keeps you in touch with current reality - and one step ahead of competitors.
Jim Collins, Performance Management Strategy Executive, IBM
Guy Jones, Worldwide Technical Sales Executive, IBM Performance Management,
Going forward, CFOs will continue to implement processes and systems to reduce the overall cost of financial reporting while improving accuracy, visibility of data beyond the general ledger, and accessibility at all levels of the organization.
In addition, there will continue to be greater demand for more advanced dynamic reporting — including enhanced cost and profitability reporting, rolling forecasts, and zero-based budgeting — in an environment finance teams are comfortable with, such as Excel, so they can work more efficiently.
An effective rolling forecast is important to estimate long term financial plans. Every organization undertakes this process as a finance activity. However, when the forecasted data is examined on its effectiveness for decision making, more often than not the results are disappointing, and the rolling forecast process needs to be redefined. This paper talks about effective rolling forecasts that utilize resources, technologies, processes, and business intelligence to deliver actionable insights. A best-in-class matured RF process will enable CFOs to deliver great results through increased revenue and cost reductions, and create new benchmarks for the organization.
In this white paper, we review the purposes of traditional planning, budgeting and forecasting, as well as common associated problems. We highlight improvements achieved through rolling forecasts and enumerate important rolling forecast “dos” and “don’ts.”
Many executives are concerned about trends such as high demand for resources and the acceleration of business. They also question whether their traditional planning, budgeting, and forecasting tools will allow them to be successful...or even survive. This white paper reviews common traditional budgeting problems and provides answers for your organization.
In this paper, you'll learn how three enterprises - Del Monte Foods, Rotkäppchen-Mumm Sektkellereien, and a major home builder in America - practice rolling forecasting, deploying the process at various levels and in various departments to guide them through market volatility.
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Our portfolio of live events, online and print publishing, business intelligence and professional development brands are centred on the complexities of technology convergence. Operating in 42 different countries, we have developed a unique global knowledge and networking platform, which is trusted by over 30,000 ICT, engineering and technology professionals.
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