Rolling Forecasts the Wave of the Future, Data Based Budgeting vs. Driver Driven Forecasts!

Description:

Rolling Forecast contrasted with traditional budgeting as the wave of the future. Focus I on the impact of Key Business Drivers to the business. Establishing a forecasting process to cope with turbulent time. Includes the creation of Key Business Drivers. Sample formats and attendee exercises provided for start-up rolling forecast. Attendees take away a broad and basic understanding of the Rolling Forecasts, their benefits and how to migrate to Rolling Forecasts with simple tooks & Techniques.

The current technology driven turbulent business environment present many challenges to business manager. One primary challenge is the ability to predict and plan for the future which is unexpectedly unpredictable. Changes are constant. Companies struggle to find ways to find 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Traditional budgeting has been overtaken by these constantly changing events as is currently outdated and irrelevant for the following reasons: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

Why you should attend :

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.

This Webinar will focus on:

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 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

Areas Covered in the Session :

Why rolling forecasts are critical in today’s turbulent and constantly changing environment
The five core components of rolling forecasts with simple explanations and exercise 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:

ALL organizations with desire to update their forecasting and budgeting processes & procedures to the new wave of Rolling Forecasts to cope with the ever changing technology based business environment.

About Speaker:

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. He taught Accounting I at the University level for 15 years. 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 Gersen & Lehrman), Society of Industry Leaders (sponsored by Standard & Poors), and the National Association of Accountants.

An engaging and entertaining speaker and trainer who draws from his experience as a former CFO to make relevant teaching points. Sessions are rich in content, lively, full of energy and include plenty of audience interaction. He has branded himself as Mr. Simplicity! His goal is to make finance and accounting relevant to non-financial professionals using tools and techniques that are simple to understand and apply.

Event URL: https://www.compliancetrainingpanel.com/Webinar/Topic?WB=BF00080