Tag: forecasting software
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Annual Budgeting – Our favorite season?
BUDGETING Yes, it’s that time of the year. The time that is often filled with pain and fear. No, I am not talking about Halloween but about the corporate budgeting process. Much has been written about the annual budget. And most of the written stuff is not positive. Jack Welch alone has provided us with…
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How to reduce detail in your forecasts
Rolling Forecasts are quite popular today. But to implement them properly it is usually imperative to reduce the detail in the forecasting models. Less detail speeds up the process and helps to increase the accuracy. A recent post on this blog looked at some of the problems with too much detail. The big question though…
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3 ways to analyze and communicate Forecast Accuracy
Analyzing Forecast Accuracy What’s the best kept secret in your company? Well, hopefully not your forecast accuracy numbers? Forecast accuracy should not be a calculation that happens behind closed doors. But the numbers should be communicated and analyzed to be really useful. Here are three ways you can communicate and analyze your numbers: The table…
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The case for continuous forecasting
Continuous Forecasting Time for a confession. I really hated forecasting back in my old job. Here I was working with clients on improving their planning, budgeting & forecasting processes. Yet, I absolutely hated doing my own forecast. It just didn’t feel right. What was wrong? Well, I never really understood the template that our controller…