Budget. The word we all love to hate. Finance teams spend countless hours developing one, only to discover the market has changed and their hard work is outdated.
This means companies are stuck with de facto yearlong contracts they can’t possibly fulfill due to the evolving conditions around them. Fortunately, there’s a way to break free of outdated budgetary constraints: rolling forecasts.
Instead of being once-a-year exercises, rolling forecasts happen on a regular cadence and involve ongoing planning and analysis. Unlike budgets with hundreds or thousands of line items, they focus on key business drivers. And rather than focusing on the past, rolling forecasts act as early warning systems when you’ve drifted off course.
If you’re ready to leave behind static spreadsheets and move to more active planning with the best budget software, consider these five steps to launch rolling forecasts successfully at your organization:
If you’re still not convinced about the need for rolling forecasts, consider these compelling reasons for giving them a try:
With Adaptive Insights and the experts at Arxis Technology making the switch to rolling forecasts has never been easier. Together, we’ll help you toss off the shackles of annual budgets and achieve your company’s financial goals.
If you are interested in learning more about cloud accounting software or have any questions about this this blog CONTACT US. If you are looking for cloud accounting solutions or ERP consultants to help take your business to the next level, contact us at www.arxistechnology.com, or call 866-624-2600.
Arxis Technology, Inc. is an ERP technology consulting firm specializing in the implementation and support of accounting and business management software, and custom application development. As ERP consultants and resellers for Intacct Cloud Financials, Adaptive Insights CPM, and other best-in-class finance and accouting automation solutions.