As businesses head into 2022, they face unprecedented challenges. In response, many are using so-called “rolling” forecasts to help guide decision-making. Instead of creating static budgets before the start of the fiscal year, managers who use rolling forecasts, at the end of each quarter, update their assumptions for the next three months. That way, they always have a current forecast that extends 12 months into the future. This approach encourages managers to take a forward-looking perspective, allowing them to respond in a timely manner to emerging trends. Contact us for more information on how this approach can make your company’s forecasting process more agile and effective.
