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Rolling Forecasts Enable Accuracy and Agile Business Planning

Sponsored By Prophix

Topics:
Accounting
Budgeting & Planning
Growth Companies

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Abstract:
Accurate planning, budgeting, and forecasting is essential for enabling executives, managers, and the line of business to have confidence when making investments and make informed decisions. Unfortunately, achieving accuracy is easier said than done. The first rule of forecasts is that they are never 100% accurate. This margin of error is especially compounded in volatile business conditions where forecast accuracy can very quickly suffer as a result of outdated data and scenarios. Seventy-one percent of top performing organizations mitigate this risk by continuously updating forecasts to reflect current business conditions.
DETAILS
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Released: March 12, 2014
Length: 13 pages
Format: PDF (490 kb)
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