What are Rolling Forecasts designed to do in EPBCS?

Rolling forecasts in Enterprise Planning and Budgeting Cloud (EPBCS) are specifically designed to provide a continuous update of financial forecasts based on the most recent data and results. This approach allows organizations to dynamically adjust their expectations and strategies as new information becomes available, ensuring that forecasts remain relevant and aligned with current performance.

By incorporating actual performance data into the forecasting process, rolling forecasts enable businesses to identify trends, variances, and potential challenges more quickly. This agility helps in making informed decisions and adjustments to operations, resources, and financial plans. It differentiates itself from static budgeting approaches by providing a more fluid and responsive planning mechanism that adapts to changing circumstances rather than sticking to a fixed budget set at the start of the fiscal year.

Utilizing rolling forecasts leads to more accurate forecasting, longer-term visibility into future performance, and ultimately supports better strategic planning and resource allocation. This continual updating process is crucial for organizations aiming to remain competitive in rapidly changing markets.