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Why modern finance leaders are shifting to continuous planning

24th January 2017

Why modern finance leaders are shifting to continuous planning

In the face of unprecedented political and economic upheaval, organisations are struggling to get a handle on the future. Despite the wealth of data and technology at their disposal, 50% of organizations are unable to forecast revenue beyond six months, and 60% are unable to forecast revenue to within plus or minus 5%, according to a recent FSN study1 “The Future of Planning, Budgeting and Forecasting”. 

When confronted with such volatility, businesses tend to compensate by forecasting more frequently in order to allow for changing market conditions.  And while FSN’s research found that this produces some benefits in the short term, continuous planning needs to be complemented with the right technology, the best processes and the most useful data in order to guarantee better visibility into the future.

So, the question is, what do modern finance professionals need to do differently to achieve greater forecasting accuracy and certainty further out into the future? 

 

 

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