Effortless Forecasting: How to Leverage Dynamic Financial Data
Carl Seidman, CSP, CPA
Helping finance professionals master FP&A, Excel, data, and CFO advisory services through learning experiences, masterminds, training + community | Adjunct Professor in Data Analytics | Microsoft MVP
This is a favorite dynamic rolling forecast technique. We use it in FP&A for capturing trailing months and future months of financial data. You've probably never seen this done.
Why is it important to be able to select historical data?
Budgets, forecasts, and projections commonly reference past performance, run-rates, averages, and seasonality. We leverage that track record.
Rather than create manual formulas you have to constantly update or ranges that you have to constantly adjust, this technique allows prior months to be dynamically captured.
Why is it important to be able to select future data?
While accounting is frequently concerned with the past, finance is often focused on the future.
Financial planning & analysis requires assessing anticipated operational performance and positioning the business.
Flexibility, time-savings, and error elimination are key
While most people spend hours and days updating their data and formulas, I don't like to waste time. You shouldn't either.
Questions? Please message me.
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How can I help you?
Don’t let outdated methods slow you down. With this dynamic rolling forecast technique, you can streamline your financial planning and stay ahead of the curve. Whether you're looking to save time, reduce errors, or improve your forecasting accuracy, this method has you covered. Check out the?full walkthrough video?and start transforming how you handle financial data today. For more FP&A insights, follow me on LinkedIn.
Until next time,
Carl
Head of FP&A at Untypical
5 个月Was the follow up video showing how this is done ever released? Keen to understand!
Chief Financial Officer | Strategic Financial Leadership | ESG & Digital Transformation | Finance Innovation Expert | CPA, MBA, FMVA
5 个月Rolling forecasts sound like a solid move for streamlining financials. Flexibility is crucial in today’s market, no doubt! Think you’ll give it a shot?
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5 个月Carl total dynamo
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5 个月???? Bonus tips Carl: ? Implement rolling forecast technique for dynamic financial data updates. ? Utilize historical data for tracking trends and future data for strategic planning.