• Budgeting is a concept constantly riddling the minds of CFOs. How can a company build a better and more efficient budgeting approach that will maintain accuracy, while improving agility?

    In a recent webinar entitled "Ask the Expert: Building a Better Way to Budget," Steve Player, the Program Director at Beyond Budgeting Round Table, reflected on this question.

    Watch the Webinar Replay

    Understanding the Budget Process

    The key to operating an efficient budget process is by ensuring every team member is well-versed in their role and has strong comprehension of the

    Posted by on July 13, 2016
    Topics: Budgeting
  • Remember the baseball great Yogi Berra?  One of my favorite Yogi quotes is "It's hard making predictions - especially about the future."  This is especially true in today's market.

    Predicting the future in business is tough, and rolling forecasts are becoming a popular way to address this, particularly in industries that are more dynamic and volatile. Yet, while a rolling forecast will improve the accuracy of your planning, there are specific tactics that can optimize your results and ensure precision. Here are some of the main factors that will influence the success of your rolling

    Posted by on April 28, 2016
  • Static budgets and rolling forecasts are two drastically different approaches to achieving a similar goal - predicting the future finances of a business.

    While static budgets continue to be the predominant choice among businesses, rolling forecasts provide a number of advantages that make them ideal for many companies. The ideal budgeting approach largely depends on your business model. The size, growth-rate, and industry fluctuations of your business can help you determine the ideal budgeting method for your company.

    What Is a Static Budget?

    With the right budgeting approach, you can

    Posted by on February 18, 2016
    Topics: Budgeting
  • To thrive as a business, you need to be able to predict your future earnings and expenses, so you can make smarter business decisions.

    Yet, while financial forecasting is imperative to the success of businesses, accurate financial forecasts are difficult to create. So, how does a high-growth, dynamic business create accurate forecasts for their company, without exhausting their time and resources in the process? A whitepaper entitled, "Best Practices in Rolling Forecasts," sets out to answer these very questions.

    Why are Rolling Forecasts so Important?

    Rolling forecasts provide the agility

    Posted by on February 4, 2016
  • Financial budgeting is the process of allocating resources based on projected sales, headcount, capital and operating expenses, in order to achieve financial objectives.

    Static budgets rely on set periods, a fiscal year for example, and create a fixed forecast for that period. Rolling forecasts, as an extension to financial budgeting, support periodic updating of budget assumptions, and extend the time period out beyond the end of the fiscal year.  By continously forecasting out 4 - 6 quarters, you can avoid the "fiscal year cliff" and give your organization a head start on next year's

    Posted by on January 26, 2016