5th May 2011
May 5, 2011
Ever feel like your budget is out of date the moment it gets distributed? Increases in market volatility make forecasting for a whole year difficult. More and more companies are abandoning the annual budget as the guiding financial tool and switching to rolling forecasts.
Ongoing forecasting gives the management team more flexibility to allocate resources throughout the year based on market events and the success of ongoing projects. Companies better able to respond to economic changes are in a stronger position to weather financial crises. Read more about companies who have made the leap at CFO.com.