BUSINESS DRIVERS AND ROLLING FORECAST A QUALITATIVE APPROACH
DOI:
https://doi.org/10.17605/OSF.IO/WQK4AKeywords:
Forecasting, rolling, budgetingAbstract
Fixed annual budgets can be cumbersome and inflexible, which often fails to deliver the intended benefits. The annual budget is often disconnected from business operations and strategic goals. It suffers from inherent weaknesses due to a lack of business intelligence about its assumptions. This flaw is well-documented in the literature. There are many options for better corporate financial planning. Business intelligence is an essential component of the annual budget process. Rolling forecasts are also a crucial tool. Business intelligence-based, driver-based rolling prediction can help align an organization's budget process and strategic objectives. It can also increase the financial and operational strength of an organization and maximize shareholder value. This article will provide a detailed overview of the traditional annual budget process. It will also discuss how an approach based on financial forecasts based on business intelligence drivers can help align operations with strategic goals and add value to organizations. An assessment of intelligence-supported, driver-based rolling forecasting will also be presented, demonstrating an im- proven approach to the traditional annual budgeting process.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Under the Creative Commons Attribution- 4.0 International License (CC BY-4.0 DEED).
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation.
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
