Forecasting

July 10, 2019

Planning analytics: What is your enterprise plan?

by Colin Quinn

It all begins with a plan. Whether it’s the overall strategic plan or a detailed operational plan, this step is usually part of the overall enterprise performance management strategy, which encompasses financial planning, budgeting, and forecasting. Planning is in a unique position compared to the other analytics groups because it relies on outputs of all the other steps. Even today spreadsheets remain one of the most popular tools used by enterprises for planning. However spreadsheets…

January 10, 2018

5 Reasons Your CEO Prefers Data On A Dashboard

by Colin Quinn

The days of CEOs waiting for the delivery of a physical report are long gone. Today, many forward-thinking executives are making use of data visuals and dashboards to gain insight into their company, rather than relying on IT. There are many benefits of CEO dashboards with a connected interface, including the ability to track performance and monitor data, profits, balances, revenues and forecasts all in real-time. CEOs prefer their data on a dashboard for these top five…

December 2, 2014

Rolling Forecasts: Replacing the Annual Budget

by Colin Quinn

Long gone are the days when annual budget steered business decisions, with only predictable, minimal changes. With increasing competition and a volatile economic environment, companies need a better way to predict the future. As a result, new forecasting techniques have emerged to help anticipate changes and drive better informed strategic decisions. Traditional forecasts take a structured approach to scoping uncertainties within a specific timeframe. Those predictions have a reasonable chance of being accurate. In today’s highly capricious GovCon environment, however, organizations are forced to be dynamic…