Complimentary Brief: Year-End Strategic Planning & Forecasting from Los Angeles CFO Services Firm CFO Edge

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Now is the opportune time for a new approach, and this brief suggests an innovative, nimble and more relevant budgeting model.

CFO Edge - Strategic Planning & Forecasting Brief
There are a number of shortcomings with a traditional static budget and its development. The process is time consuming and tedious. More importantly, projections can become irrelevant and outdated in a few months due to rapidly-shifting market forces.

With year end approaching, Los Angeles and Southern California executives are applying extraordinary focus to achieving two critical objectives:

  • Close out the year with the most beneficial accounting and tax outcomes possible.
  • Set the course for the year ahead with a success-generating strategic plan, budget, and forecast.

This CFO Edge brief - Year-End Strategic Planning & Forecasting: Now Is the Time for a New Approach – supports achievement of these objectives with discussions of beneficial end-of-year tax activity, the strategic planning process, and an innovating budgeting and forecasting model.

“There are a number of shortcomings with a traditional static budget and its development. The process is time consuming and tedious. More importantly, projections can become irrelevant and outdated in a few months due to rapidly-shifting market forces,” says Arthur F. Rothberg, Managing Director of CFO Edge, LLC, the Los Angeles CFO services firm.

“What’s needed in these uncertain times is an innovative approach to budgeting and forecasting – one that brings greater relevance, as well as more flexibility and credibility,” he adds.

In addition to suggestions on closing out the year and the strategic planning process, this brief looks at the elements, how to’s and benefits of implementing a “beyond budgeting” model with quarterly rolling forecasts.

“Rolling quarterly forecasts make up a key element of this approach. Quarterly results and KPIs are used to update a forecast that goes out for five or six quarters. Every three months, the forecast is revised based on the most recent quarter’s actual financial and operational results. Companies can make more agile decisions based on real-time opportunities and risks. As a result, opportunities appear sooner and more clearly, and the risks and costs of outdated assumptions are reduced,” Mr. Rothberg notes.

Available as a complimentary download now, this strategic planning and forecasting brief supports business leaders interested in discovering fresh ways to improve controls, more quickly respond to rapidly evolving business conditions, and access more relevant and credible information.

About CFO Edge
CFO Edge, LLC delivers enterprise-class financial and operational performance solutions to executives at small and mid-sized companies in Southern California. Based in Los Angeles, our formerly-seated chief financial officers engage on demand as part-time CFOs, single-project CFOs, and interim CFOs to help business leaders successfully resolve pressing challenges and realize their financial and operational goals. At CFO Edge, we’re passionate about helping our clients create, grow and sustain value.

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Devon Blaine
The Blaine Group, Inc.
310-360-1499
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