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On April 26th, Ironside hosted a webinar on Rolling Forecast Essentials. Members of our Financial Performance Management team, Mark Flyamer, Senior Consultant and Rich Canale, Solution Architect, discussed the foundation needed to start implementing rolling forecasts work at your organization.

Rich and Mark discussed design techniques to help you expedite rolling forecast models and minimize the hours needed to get a working solution all while preserving the accuracy and integrity of your financial data.

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Financial analytics and performance monitoring are vital components in an organization’s success. The ability to review and quickly react to industry and market changes is a critical competitive advantage that requires agile analytics to get right. The rolling forecast is a continuous planning process that provides your organization with just such an analytical vehicle.  Extending beyond the traditional fiscal year review, it combines actual data with forecast results across a rolling number of periods to provide a consistent analytic horizon.  An organization’s rolling forecast process must support variance analyses of performance versus targets using the most current information. This is necessary if they want to recognize and reflect actionable changes that will keep them on or get them back on course. Read more

Many organizations have adopted monthly or quarterly rolling forecasting as a primary tool for understanding their operational and financial performance. The rolling forecast is a process that includes the continuous evaluation of past results with future expectations across a set number of time periods to analyze trends and help the organization understand its current position. Read more