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PROCESSES
The analysis of the processes highlights the trend of the companies in their various forecasting processes (strategic
plan, operational plan, budget, rolling forecast) according to the following criteria: frequency, time spent, organization
and planning, transparency, operational staff involvement. In addition, it indicates the trend of other indicators used
by companies in their process of forecasting and reporting such as income statement, working capital, cash flow, HR,
etc.
The main findings of this survey are the following:
- A significant reduction in the production time of the monthly reporting, with nearly one third of surveyed companies
releasing their full reporting (P&L, balance sheet & cash flow, KPI) in less than five days (vs. 12% in 2014),
- a similar trend for the rolling forecast process, with 51% of respondents producing their rolling forecast in less than
one week (14 pts increase vs. 2014),
- stagnation in the use of rolling forecast after three years of continuous growth,
- the desire to reduce the budget development process to reduce development time, which has not yet been
translated into reality,
- finally, a relative stability in the content of reports regarding the indicators used, after rationalization in 2014.
Reporting
is produced faster:
full reporting
submitted before D+5 (31% in 2015 vs.
19% vs. 2014)
Nearly 40% of companies want to reduce
their budget cycle while maintaining the
same level of details. Wishful thinking?
Flat trend in the use of Rolling Forecast
(39%
vs. 45% in 2014), after
3 years of continuous
growth
51% of reforecasting is produced in
less than a week (+14 pts vs. 2014)
52% of companies have not changed
their reporting process in 2015, after
2014
which
was
focused
on
rationalization (fewer indicators)
IAFEI Quarterly | Special Issue | 18