Forecasts are developed for: the short-term, to help treasury ensure the company has sufficient cash to meet upcoming obligations; the medium-term, to ensure access to sufficient credit lines; and the long-term, to help ensure the capital structure can support the delivery of the business strategy. Although all these forecasts are, by definition, forward-looking, the information available to develop them varies over the time horizons.
AFP FP&A Benchmarking Survey Report: People Strategies and Development
The 2024 AFP® FP&A Benchmarking Survey Report, underwritten by Workday, focuses on understanding the state of FP&A, people strategies and development. Findings indicate that FP&A professionals are optimistic that advances in technology, automation and artificial intelligence will benefit their working lives.
The Secret to Impactful and Compelling Financial Presentations
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Customer Journey: User Journey-Based Financial Planning
In today's competitive business landscape, companies that place the customer at the heart of their operations consistently outperform their rivals. One of the key drivers behind their success? A customer journey strategy.Learn More -
Nov 1, 2023
Incorporating AI into Revenue Forecasting
The forecast can be built up with layers like a cake; use AI as the base that aggregates history and data, then lay on top human adjustments and data overrides, and company maturity with the technology.Learn More -
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The Role of AI in Forecasting and Where It Falls Short
AI has the ability to process vast amounts of data at unprecedented speeds that uncover patterns and insights. Practitioners have focused this powerful technology on reshaping how businesses approach forecasting, where the fusion of AI as cutting-edge technology with financial practices has unlocked new levels of accuracy and efficiency that make traditional methods more robust.Learn More
Featured Content
What Is a Financial Model?
A financial model is a representation of the expected financial performance of an organization, product or asset. It simulates the potential outcomes of decisions or scenarios by defining assumptions about the world, expected performance, and operational and financial relationships.
Quick Study Tools for Finance
These short videos walk you through how to Build a Rolling Forecast in Excel, Use Excel's Solver, Apply Power Query, Power Pivot and Pivot Tables to Your Analysis.