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Re-Imagine Planning & Budgeting in an Inflation Driven post COVID-19 Environment
- 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 a 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
Overview of the webinar
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 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Traditional budgeting has been overtaken by these constantly changing events and is currently outdated and irrelevant for the following reasons: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
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.
Who should attend?
- Business Managers/Owners
- Entrepreneurs
- Financial/Business Analysts
- CAO & CFO
Why should you attend?
- 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
- 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
- Six-Step Solution to creating Rolling Forecasts
- Two-Step Solution to migrate Rolling Forecasts to Budget System
- 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
- Rolling Forecasts' meaning & concept
- Six-Step excel platform to convert to Rolling Forecasts
- Two Step excel platform to migrate forecasts to the budget system
Faculty - Mr.Carl Young
Carl Young is an Author, Speaker, Trainer, Consultant & Coach. He holds an MBA and completed graduate studies in Accounting and Taxations. He is a former CFO of a 275M High growth technology-based company. He has over 25 years of senior-level business management experience. He has over 25 years of training experience in finance, accounting and business management. Former CEO of his own small parts manufacturing company. Former Senior Financial Associate of a major consulting firm.
He is a member of the American Society of Corporate Controllers. Member of the Council of Experts of the investment firm Gerson & Lehrman. Member of the Society of Industry Leaders sponsored by Standard & Poors. Member of the National Association of Accountants.
An engaging & entertaining speaker and trainer who draws from his experiences as a former CFO to make relevant teaching points. Sessions are rich in content, lively, full of energy and include lots of audience interaction. He has branded himself Mr Simplicity. His goal is to make finance & accounting relevant to non-financial professionals with tools & techniques that are simple to understand and apply.