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Budgeting and Forecasting Corporate Budgeting Forecasting and Planning Rolling Forecasts True Sky

Why You Should Be Doing a Monthly Rolling Forecast and How to Do It Successfully

Rolling forecasts have risen greatly in popularity, and for good reason. Today’s businesses are dealing with a different world — it is fast-paced, interconnected, and more competitive than ever. This can pose a challenge for any CFO. Finance teams must process huge amounts of data and forecast (or often reforecast)…

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Finding a Balanced Budget: Too Detailed vs. Not Detailed Enough

A balanced budget can mean several things. It can have the traditional meaning of balancing your expenses and income so that you do not run a deficit. But it can also mean balancing your time and business resources during the budgeting process. Your budget tells a story about your business…

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Annual Budgeting Budget Accountability Budgeting and Forecasting Budgeting Best Practices Corporate Budget Planning

Business Management: Who is Ultimately Responsible for the Budget?

Strong business management involves a good budgeting and forecasting process. But who is ultimately responsible for that budget? Depending on the size of your organization, you may have a dedicated budget manager or finance team. You may have an accounting department. Your operations manager might take on the bulk of…

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The Importance of Workflow Tools and Control in Your Budgeting Process

Microsoft Excel can be a great tool for business budgeting, there’s no doubt about it. But it does have its limitations. One of those limitations is the lack of workflow tools, which are crucial to your business budgeting process. A good corporate budget process needs controls: a workflow management system,…

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