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2022 Planning and Budgeting in the Inflation Driven Environment: Benefits and Legal Pitfalls

Planning and Budgeting in 2022 Amid Inflation

Traditional budgeting has been overtaken by these constantly changing events and is currently outdated and irrelevant for the following reasons: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

 

The current technology-driven turbulent business environment presents many challenges to business managers. 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 manage resources and find ways to thrive and survive in this turbulent business environment.

 

Rolling forecasts are the wave of the future.  They are rapidly replacing traditional budgeting. Join us on Clatid to learn 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.

 

 

What will You Learn?

-Why rolling forecasts are critical in today’s turbulent and constantly changing environment
-The five core components of rolling forecasts with simple explanations and exercises to reinforce the learning points
-Rolling Forecasts meaning and concept
-The two-step excel platform to migrate forecasts to the budget system
-The six-step approach to using Rolling Forecast Model and Example
-Converting from planning to budgeting with Budget to Actual Model and Example
-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

 

 

Get Answers to

-How do you define the key business drivers as the basis for rolling forecasts?
-What is the relevance of cash as a key business driver?
-What are the simple techniques to make it happen? From dashboards to driver-based forecasts

 

 

Bonus Topics

-Benefits of rolling forecasts
-Pitfalls to avoid
-Simple samples and exercises to reinforce teaching points
-Selling the culture changes to make rolling forecasts acceptable

 

 

Who Will Benefit?

-Business Managers
-Business Owners
-Entrepreneurs
-Financial Analysts
-Business Analysts
-CAO
-CFO
 

You may ask your Question directly to our expert during the Q&A session.

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