More than 130 organizations have participated in EPM Channel’s Rolling Forecast Survey and the preliminary results are intriguing.
Everyone who participated will receive a free pdf of the results, as well as a guide book based on a thorough assessment of the survey results.
If you’re interested in adding your voice here’s the link (the survey takes less than 5 minutes to complete):
http://www.surveymonkey.com/s/RollingForecast
Here are some of the early results:
·        42% of companies and organizations say they have implemented a rolling forecast
·        88% of those organizations that moved to Rolling Forecast still do an Annual Budget
·        41% of those organizations that have implemented RF have done so just in the past year
·        Some companies (17%) that don’t do a RF today say that at some point they did attempted it, but failed.
·        Of those companies that tried and failed to implement RF, the top reasons cited for the failure were “Nobody paid attention to it� and “We couldn’t get decent assumptions from line managers� and “It turned out to be a lot harder than we thought�
·        82% of companies that don’t do a Rolling Forecast still produce regular forecasts (they just don’t roll into the next fiscal year)
Do companies that do RF experience higher forecast accuracy than those that don’t do RF? The results are still being collated, but why not take the survey yourself and add your voice?
http://www.surveymonkey.com/s/RollingForecast
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