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
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