View
324
Download
2
Category
Preview:
Citation preview
Rolling Forecast
January 29, 2016
Bryan Hogan
Justin Cooper
©2016
©2016
Finit EPM Services
Page 2
Full Cycle Implementations
Upgrades
Dedicated Support
©2016
Why is Finit here?
Page 3
Finit takes pride in being a company of makers and Doers; people who dig in and get their hands dirty
We make and deliver personalized financial reporting solutions and experiences
…Not Company to Company, but Person to
Person
By listening, questioning, and analyzing
©2016
The Finit Family
Page 4
Fully aligned with our clients, not just bottom line $
No debt or external ownership
Work with Finit employees, no subcontractors
Compensationbased on CLIENT SATISFACTION
PRIVATELY OWNED
CLIENT SATSIFACTION
NOSUBCONTRACTORS
DEBT FREE
©2016
Finit Values
Page 5
Our values on which we ask you to provide consultant feedback:
• Approach & Collaboration
• Integrity & Honesty
• Client Betterment
• Self Betterment
• Colleague Betterment
• Finit Betterment
• Work Effectiveness
• Impact & Innovation
• Proactiveness& Passion
Service Solutions Betterment
©2016
Finit Customer Success
Page 6
Our values, culture, and approach to becoming a trusted advisor to our
customers has led to
100% customer success
for every Finit client (250+) and for every Oracle Hyperion project (500+)
©2016
Some Finit Customers
©2016
Questions
©2016
Upcoming Webinars
Page 9
February 12th - Driver Based Forecasting -Carla Cwiertnia
February 19th - HFM Classic vs Calc Manager – Chris Barbieri / Scott Sawers
February 26th - Intro to Planning Part II -Cindy Eichner
©2016
About the Presenters
Page 10
Justin Cooper(jcooper@finitsolutions.com)
Certification/Education
Bachelor of Science in Computer Information Systems
Experience
8 years with Essbase8 years with Hyperion Planning9 years with Financial Reports2 years with HFM2 years with FDM
Client TestimonialJustin is doing a great job on our project. Justin has made great suggestions and works on his own when needed to complete a task. He has taken the time to show me exactly how some of his calc scripts work (as requested) and has made me feel comfortable that once Finit rolls off we will be able to maintain and troubleshoot our Planning tool.
©2016
About the Presenters
Page 11
Bryan Hogan(bhogan@finitsolutions.com)
Experience
8 years with Essbase4 years with Planning3 years with Enterprise21 years with financial systems, reporting, and dashboards
Certification/Education
BBA- Finance & Banking, University of North Texas
Client TestimonialFinit has a remarkable reputation and no matter who you meet from the company, you can understand where the comments come from. Each of them is knowledgeable in so many aspects and takes the time to make sure the client fully understands the topic. They exceed the bar of professionalism while maintaining an enjoyable atmosphere.
©2016
Rolling Forecast - Agenda
Page 12
• What is a Rolling Forecast?
• Traditional vs. Rolling Forecasts
• Rolling Forecasts in Hyperion Planning• “Out of the box” Solution
• Customized Solution
• Summary/Questions
What is a Rolling Forecast?
©2016
What is a Rolling Forecast
• More fluid approach to the planning process
• Creates a cycle of continuous planning
• Avoids the year-end “wall”
• Not bound to targets or predetermined expectations
• Drives more strategic decisions versus tactical decisions made to “hit a number”
Page 14
©2016
Key Components of a Rolling Forecast
• Focus on key drivers versus a detailed list of assumptions
• Update key drivers on a regular and predetermined basis
• Incorporate the latest known impacts on the business
• Utilize what-if scenarios to evaluate catastrophic events
• Risk and Opportunities schedules are important to evaluate a range of impacts to the what-if scenarios
Page 15
Traditional vs. Rolling Forecast
©2016
Traditional vs. Rolling Forecast
Page 17
• Both types of forecast have the same amount of actual data for trending and other analysis
• The traditional forecasts hit the year end wall in December while the Rolling Forecasts push into the following fiscal year and beyond
J F M A M J J A S O N D J F M A M J J A S O N D
Traditional Q1 (P3+9) Forecast
Traditional Q3 (P9+3) Forecast
Rolling Q1 Forecast (12 mth)
Rolling Q3 Forecast (12 mth)
Current Year Current Year +1
Year End Wall
©2016
Traditional vs. Rolling Forecast
Page 18
Traditional Planning Process Rolling Forecast Process
Year-end Wall Always a fixed number of months into the future
Budgets are “fixed”; forecasts are adjusted snapshots of budget
Updated continuously
Time intensive to update; budget is annual “event”
Takes only days to develop each forecast
Typically planning is at a lower level Key drivers only
Negotiated targets Flexible what-if and R&O focused outcomes
©2016
Rolling Forecast Questions
• Will a rolling forecast add more work to the finance teams to develop and maintain another set of numbers?
• Would a rolling forecast process replace:• Monthly financial reporting and variance analysis?
• Current monthly/quarterly forecasts?
• The annual budget process?
• The LRP/Strategic planning process?
• What is the best way to manage all of the versions and any integration points with other forecasts within an organization?
Page 19
Rolling Forecasts in Hyperion Planning “Out of the Box” & “Customized” solution
©2016
Rolling Forecast in Planning
Page 21
• Main object used to enable Rolling Forecast are substitution variables
• Global placeholder for information that changes regularly
©2016
Rolling Forecast – “Out of the box”
Page 22
• Substitution variables are auto-generated via the Planning web.
©2016
Hyperion Planning “Out of the Box”
Page 23
©2016
Hyperion Planning - Customized
Page 24
Key Business Drivers -Example
Page 25
©2016
Key Business Drivers - Example
Page 26
• Rolling forecast monthly meeting agenda:• Discuss impacts of new actual data to
previous forecast trends
• Assess any new risks and opportunities to key drivers
• Provide estimates and assign or update probability to R&O as necessary
• Update the rolling forecast model as appropriate
©2016
Key Business Drivers - Example
Page 27
©2016
Benefits of Implementing Rolling Forecasts in Hyperion Planning
• Centralized system/application
• Spreadsheets not book of record
• Version control
• Standardization
• Data integration
• Security
• Reporting
Page 28
Summary
©2016
Summary
Page 30
• Provides a more dynamic view of the business
• Identifies alternative actions more quickly as:• Are more flexible
• Are proactive versus reactive
• Focus on key business drivers and strategic decisions
• Take less time to update
• Are more effective and easier to manage by utilizing a systemic planning solution to assist with:• Standardization
• Version control
• Simplified dissemination of information
Questions and Answers
Thank you for attending!
Questions?
Email us for a copy of the slides or link to the recording
insights@finitsolutions.com
Past webinars:
www.finitsolutions.com/webinars
Presenters:
Bryan Hogan
bhogan@finitsolutions.com
Justin Cooper
jcooper@finitsolutions.com
General Questions:
Greg Barrett
gbarrett@finitsolutions.com
Joe Mizerk
jmizerk@finitsolutions.com
©2016
Upcoming Webinars
February 12th - Driver Based Forecasting -Carla Cwiertnia
February 19th - HFM Classic vs Calc Manager – Chris Barbieri / Scott Sawers
February 26th - Intro to Planning Part II -Cindy Eichner
Recommended