The Accordion Style Rolling Forecast is the leading practice to prepare both the current year Forecast and next year’s Budget. Combining driver-based planning with the rolling forecast provides an automated insight approach to planning, freeing up the FP&A organization to focus on value-add analysis to the business.
Simply put, it adjusts as you progress throughout the fiscal year. Accordion forecast periods will range from the current forecast month through the end of the next year – ranging from 13 to 23 months depending on the cycle. It ensures that regardless of the forecast cycle, you always have next year’s Budget built into each forecast cycle.
This white paper highlights:
- Driver-Based Planning
- Evolution of the Forecast
- Extending the Forecast to the Budget