Remove Financial Analyst Remove Forecasting Remove Leverage
article thumbnail

What is Long Range Planning and How Can it Help Your Growth?

The Finance Weekly

Long range planning extends beyond conventional budgeting, planning, and forecasting processes which usually span a year, and concentrates mainly on financial goals and key initiatives that are 5-10 years or more into the future. That’s exactly how Long-range Planning (LRP) works – not only for individuals but for businesses as well.

Planning 105
article thumbnail

How an EPM Solution Supports Managing Economic Uncertainty

Jedox Finance

What does your economic forecast look like for the foreseeable future? EPM (Enterprise Performance Management) incorporates the power of automated planning, budgeting, and forecasting with the powerful capabilities of tools such as artificial intelligence and machine learning. Develop a comprehensive financial and operational plan.

Economics 125
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

4 Steps to Successfully Implementing Rolling Forecasts

Planful

To address this issue, many organizations are adopting rolling forecasts as a way to periodically update budget assumptions throughout the year, reallocate resources, and more accurately predict future results. But managing a rolling forecast process can be difficult when relying on Excel spreadsheets and email.

article thumbnail

What is Long Range Planning and How Can it Help Your Growth?

The Finance Weekly

It extends beyond conventional budgeting, planning, and forecasting processes which usually span a year, and concentrates mainly on financial goals and key initiatives that are 5-10 years or more into the future. Or a farm in the next 10 years! It also differs from mid-range strategic planning processes.

article thumbnail

Preparing Your Finance Organization for the New Era of AI

CFO Leadership

While finance organizations are increasingly turning to AI to enhance their operations and streamline processes, leveraging AI capabilities to improve decision-making is in the early stages. Scenario analysis may also leverage AI to model various scenarios to better understand potential consequences of different decisions and market changes.

article thumbnail

Leveraging EPM in the Life Sciences Industry

Planful

The modeling portion of the software enables business analysts and financial analysts to model different business scenarios.

article thumbnail

4 Types of Financial Reports Every FP&A Team Should Be Using

Planful

FP&A teams can do so by leveraging these four essential types of financial reports techniques. Short Term Cash Flow Analysis & Financial Forecasting Reports. The goal of cash flow forecasts is to predict future financial liquidity and cash collection over a specific period of time.