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Why Continuous Planning is Finance’s Best Weapon Against Uncertainty

9th May 2017

Why Continuous Planning is Finance’s Best Weapon Against Uncertainty

(Gary Simon is chief executive of FSN Publishing Ltd. and leader of the FSN Modern Finance Forum for CFOs on LinkedIn.)

With the geo-political and economic landscape changing literally at the speed of Twitter, it is unsurprising that organisations are struggling to get a handle on the future. A recent FSN study, “The Future of Planning, Budgeting and Forecasting,” highlighted that despite the wealth of data and technology at their disposal, 50 percent of finance organisations are unable to forecast revenue beyond the six-month time horizon, and 60 percent are unable to forecast revenue to within plus-or-minus five percent.

 

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