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Oracle EPM & BI Blog

Should You Use Rolling Forecasts? Weighing the Pros & Cons

In an increasingly fast-paced business environment, has the traditional annual budgeting and forecasting process become an outdated model? The financial crisis of 2008 bared the shortfalls of making static assumptions months ahead of time: forecasts ended up worthless, and many companies had no process in place for reforecasting on the run. Since then, expectations for CFOs have changed drastically. Finance offices are expected to sift through unprecedented levels of information and reforecast quickly in response to market fluctuations.

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The CFO's Toughest Challenges in 2018

As the CFO, you face challenges every year. Some problems roll over from the year before, and others are new, such as changes to regulations or tax reforms.

As the leader of your finance and accounting departments, you need to not only overcome these challenges, but allow those challenges to make your processes even better. In 2018, you have the opportunity to implement changes that will make your entire organization more successful.

In this blog post, we’ll cover some challenges you’ll most likely face this year and how you can conquer them.

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7 Dos and Don'ts of Rolling Forecasts

Rolling forecasts present an appealing alternative to the annual budget process (assuming the benefits outweigh the challenges for your organization).

While traditional budgeting methods can often cause up to four budget recompilations every year — taking valuable time away from your finance staff — rolling forecasts ensure time isn’t wasted on inaccurate assumptions. Rather, rolling forecasts enable you to make adjustments based on corporate goals and changes within the marketplace. Always being able to look ahead will lend your organization flexibility that just isn’t attainable with the traditional annual budget.

So, how can you ensure success when you start using rolling forecasts?

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