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 unexpectedly unpredictable future. Changes are constant. Companies struggle to find ways to 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Traditional budgeting has been overtaken by these constantly changing events as is currently outdated and irrelevant for the following reasons: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?
- Rolling Forecasts meaning and 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
LEARNING OBJECTIVES
- 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?
- 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?
WHO WILL BENEFIT?
- Business Managers/Owners
- Entrepreneurs
- Financial/Business Analysts
- CAO and CFO
- Rolling Forecasts meaning and concept
- Six-step Excel platform to convert to Rolling Forecasts
- Two-step Excel platform to migrate forecasts to the budget system
- 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
- 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?
- 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?
- Business Managers/Owners
- Entrepreneurs
- Financial/Business Analysts
- CAO and CFO
Speaker Profile
Carl Young is an Author, Speaker, Trainer, Consultant, and Coach. He holds a MBA and completed graduate studies in Accounting and Taxation. He is a former CFO of a 275M, high growth technology based company. He has over 25 years of senior level business management experience. In addition, he has over 25 years of training experience in finance, accounting and business management. Former CEO of his own small parts manufacturing company as well as former Senior Financial Associate of major consulting firm. Carl is a member of the following organizations: American Society of Corporate Controllers, Council of Experts (investment firm …
Upcoming Webinars
Documenting Misconduct that Will Stand Up in Court
Sunshine Act Reporting - Clarification for Clinical Research
Excel Spreadsheets; Develop and Validate for 21 CFR Part 11…
Stress, Change And Team Resilience Through Humor: An Intera…
Managing Toxic & Other Employees Who have Attitude Issues
FDA Regulation of Artificial Intelligence/ Machine Learning
Excel - Lists and Tables - A Beginner's Guide to Managing L…
Pharma 4.0: Next Generation Technology Approach to GxP Prod…
Patient Gifts, Discounts and Freebies: What You Can and Can…
Managing Complex Projects - Project Management
All About Civility - Eliminating a Culture of Gossip Rumors…
From Challenges to Compliance: Understanding Dietary Supple…
Using Behavior Based Interviewing for Finding the Best Matc…
Improving Employee Engagement & Retention Through Stay Inte…
How To Conduct An Internal Harassment And Bullying Investig…
Bootcamp for New Managers and Supervisors: Avoid These 7 Mi…
Leadership: Strategic Planning and Decision Making
De-Stressing Your Leadership for Greater Impact
The Anti-Kickback Statute: Enforcement and Recent Updates
Emotional Intelligence: Mastering the Emotions of Great Lea…
Do's and Don'ts of Documenting Employee Behaviour, Performa…
Pivot tables beginner to advanced + 20 advanced Pivot table…
Coming Soon - New Minimum Salary Levels for Exempt Employee…
Utilizing HR Metrics to Illustrate & Improve Human Resource…
How to Conduct Exit Interviews - Implementing and Enhancing…
Finance & Accounting 101 Simplified
Understanding How To Write A Compliant CAPAs
4-Hour Virtual Seminar on Transformational Leadership - The…
Selecting Right Vendors And RFP Drafting
Uplifting the Credibility of HR: How to Build the Credibili…
Courts No Longer Have to Give Deference to Agency’s “Expert…
Treasury Risk Management, Funding, Liquidity, Interest Rate…
21 CFR Part 820 - Quality System Regulation - Applying Prin…
Building GMP Excellence: A Guide to Implementing Compliant …
Building Fair Chance Hiring Policies in 2024
FDA Technology Modernization Action Plan (TMAP) and Impact …
21 CFR Part 11 - Compliance for Electronic Records and Sign…
How to Survive an Emotionally Toxic Workplace
How to Give Corrective Feedback: The CARE Model - Eliminati…
SOPs - How to Write Them to Satisfy those Inspectors
Excel Power Skills: Master Functions, Formulas, and Macros …
Essential Job Functions According to the American with Disa…
Understanding the Artificial Intelligence Landscape