Traditional budgeting has been overtaken by these constantly changing events as is currently outdated and irrelevant for the following reasons: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.
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