Budgeting vs Forecasting – Key Differences and When to Use Each?

People often use budgeting and forecasting interchangeably. They shouldn’t. The difference between budget and forecast can make a world of difference for a company’s success. Budgets set targets, but forecasts tell you if you’ll actually hit them. In this blog, we’ll break down the key differences between these two and show you when and how […]

What Is Short-Term Forecasting and When To Use It

When it comes to forecasting, businesses can be divided into three groups: those that prefer short-term forecasting, those that focus on mid-term forecasting, and those that primarily plan for the long term. And no — we can’t say that one is better than the other.   Read Rolling Forecast – 101 Guide For Smarter Planning […]

How Top FP&A Teams Use Rolling Forecasts to Stay Ahead

A financial model that moves forward one month at a time. More agile. Significantly better than traditional budgeting. Improves operational performance. Grows profitability. All of these describe a rolling forecast. But how does it function? Why does it matter? And most importantly – does it work?   This guide will take you through the world […]

Bottom-up vs Top-down Forecasting in Demand Planning

Why is everyone talking about bottom-up and top-down planning? What are they? Are they crucial in the context of demand planning? How do bottom-up vs top-down forecasting compare?

Roughly speaking, in the top-down approach, the management sets the goals and passes them down the line, and in the bottom-up, employees from the lower parts of the organization send the information upwards.