In this episode we delve into the crucial distinctions between forecasting and budgeting, highlighting how dynamic forecasting leverages historical data and trends for future projections, unlike static annual budgets.

Discover what makes a forecasting model 'robust,' including the integration of multiple scenarios like base, best and worst-case projections to navigate volatility and unforeseen events.

Explore key forecasting types such as scenario planning and rolling forecasts as well as various software tools from traditional Excel to cloud-based accounting solutions and specialized platforms like Fathom and Data Rails.

Learn about the emerging role of AI in forecasting and, most importantly, the critical need for quality input data. We also cover common mistakes to avoid and best practices for building flexibility into your systems.

To evaluate your current forecasting practices, identify areas for improvement, and develop more resilient financial planning strategies visit https://abtaz.com/ or book a call https://meet.abtaz.com/discovery