Financial Forecasting: Room for Improvement for People, Process and Technology

Preparing an accurate forecast in this volatile business climate is challenging. Still, it is critical for businesses to be able to predict outcomes for the next month, quarter or year, and be able to respond quickly when the actuals vary significantly from the forecast. Forecasting may be equal parts art and science, but the most dialed-in enterprises report using a solid, collaborative process for generating accurate forecasts.
  • Written By:
  • Published On:
  • (Originally Published On:) )
 
comments powered by Disqus


Featured publications:

Disclosure Management—Its Importance and Potential for Midsize Organizations

Disclosure management is now firmly established as an essential step in the financial close process but few midsize organizations have learned how to tap into its true potential. In this session, Pat Calitri describes how the market for disclosure management applications has developed and how organizations are discovering that the same technology that can be used to streamline external filings and reporting can also be used to enhance the productivity and effectiveness of internal reporting throughout the organization.
  • Written By:
  • Published On: May 16 2013

Selecting ERP for Oil and Gas Industry Contractors and Vendors

Suppliers to the oil and gas industry are under more pressure than ever before to increase quality, collaborate closely with the customer, and take on more project risk. Learn how enterprise resource planning (ERP) helps engineers procure construction companies, equipment fabricators, and service providers to meet the new demands from oil and gas companies. Download this white paper to learn more.
  • Written By:
  • Published On:

11 Criteria for Selecting the Best ERP System Replacement

An enterprise resource planning (ERP) system is your information backbone, reaching into all areas of your business and value chain. That’s why replacing it can open unlimited business opportunities. The cornerstone of this effort is finding the right partner. And since your long-term business strategy will shape your selection, it’s critical that your ERP provider be part of your vision.
  • Written By:
  • Published On:

You may also be interested in these related documents:

Case Study: Peerless Pump

Peerless Pump has been designing, engineering, and manufacturing pumps for more than 80 years. The company was basing component stock levels on historical data, as it did not have the ability to accurately forecast customer demand. But with forecasting and demand planning software that increased forecast accuracy, the company has nearly doubled its sales over the past four years, while keeping inventory levels constant.
  • Written By:
  • Published On:

Optimizing Financial Performance for a Competitive Edge

In addition to traditional duties like financial planning, reporting, and governance, chief financial officers (CFOs) and financial managers are being tasked with more strategic responsibilities. Learn how the right data, performance management applications, and resources can help finance managers improve operational efficiency, ensure regulatory compliance, and control performance for maximized profitability.
  • Written By:
  • Published On:

Planning and Forecasting: Use Continuous Planning and Rolling Forecasts to Support Adaptive Management

Change may be the only constant in business. But why do so many companies lock themselves into a rigid system of annual plans, budgets, and targets that make rapid response to changing markets—and increasing competition—difficult, if not impossible? Discover how you can replace tedious annual planning cycles with regular business performance reviews and rolling forecasts, for more informed and accurate decision making.
  • Written By:
  • Published On: