Do you reforecast on a monthly basis? Most companies don’t, but would like to…

Most companies don’t reforecast on a monthly basis because the “Forecasting” tools are not connected to their “Budgetting” tools.
The human brain couldn’t possibly make sensible judgments about hundreds of lines of data.  To get a sensible picture of the options for the future the executive team has to work at a level of abstraction.
In other [...]

Make better decisions by forecasting interactively

Today’s financial models can instantly calculate the financial impact, on the P&L, balance sheet and cashflow, of a new management assumption. Combine this with the level of integrety and confidence that comes with models built by the Rugged Logic server and they represent an incredibly powerful tool for interactive decision making. So why is it [...]

Article on the “process” managers use when planning

Jyoti Banerjee, a well respected technology specialist, wrote an interesting piece on the processes that managers use and how they are split between “thinking processes” and “doing processes”. This is very relevant when looking at planning since future forecasting requires more of the thinking piece. You can’t rely on what happened in the past to predict the future…as [...]