FSN Future of Planning, Budgeting and Forecasting (PBF) Survey 2016 shows that Continuous Planning Plays an Important Role

21st November 2016

One of the interesting findings of “The Future of Planning, Budgeting and Forecasting Survey” 2016 released  by the FSN Modern Finance Forum earlier this month was the significant impact continuous planning can have on the planning, budgeting and forecasting process.  

“73% of organisations have reported a move to continuous planning.  This transition to continuous planning is unsurprising, with the inability to forecast out with any certainty, the work around appears to be to forecast continually.  But, while this leads to better accuracy and greater stakeholder engagement and a more positive planning, budgeting and forecasting process, it fails to address many organisation's inability to forecast accurately beyond a 6 month period” says  Gary Simon, FSN’s chief executive officer and the leader of the Modern Finance Forum.


Other infographics in the The Future of Planning, Budgeting and Forecasting Survey 2016:

The Future of Planning, Budgeting and Forecasting Survey” 2016 - CFOs and Heads of FP&A are at loggerheads

The Future of Planning, Budgeting and Forecasting Survey” 2016 - Non-Financial Data - the Forecasting Game Changer

 


 

The research was conducted amongst the 48,000 members of the FSN Modern Finance Forum on Linkedin and represents one of the largest and most authoritative global surveys of its kind.

955 senior finance professionals responded to the survey covering 23 countries and 13 industry sectors.  Approximately half of the respondents were from organisations with more than 1,000 employees. 

The research was sponsored by AdvancedIBMLucaNet,  OneStream and Workday.

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