Rolling Forecast

The traditional 12-month budget has been the dominant management control system globally for decades. In recent years, a process of change has been started towards frameworks such as forecasts, rolling forecasts or Beyond Budgeting.

Whereas budgeting is retrospective in nature and typically considered obsolete a few months into the fiscal year the rolling forecasting is forward looking and focusing on optimization of the future business.

Gains:


“In 2011, we were hitting the limit with our Excel model, which had become very complex. We entered into a “Master of Science” collaboration with the purpose of converting our Excel to Jedox within 3 months. Today we use Jedox in the 5th year as our group budget and reporting platform”

Jan Knudsen
Head of Business, ABB

“Rambøll chose Jedox as a group budget and forecast solution for all 500 budget users worldwide – due to self-service, flexibility, user-friendliness and price – and for the first time ever, Rambøll has submitted its consolidated group budget on time”


Christiane Johansen
Director Global Support, Rambøll
”We chose a partnership with Qbit in August 2016 based on using Jedox to upgrade our Group forecasts to more automatic and modern management. We see great opportunities. We see great opportunities in the collaboration in terms of eliminating / upgrading the group’s many complex and manual spreadsheets, with the more flexible and user-friendly Jedox.”
Anders Egeblad
Head of Corporate, Tryg

Rolling forecast vs Budgetting

The optimization focuses on the company's operating model and key drivers that define the DNA of that company. Can clarify questions such as "do we have the right amount of resources to deliver according to the forecast" or "should we hire or lay off" etc.

The rolling forecast allows for an ongoing prioritization of resources and thus an optimization, so that the company can have a continuous learning curve and integrate these improvements in the company.
This should lead to better decisions and improve shareholder value. Traditional budgeting is typically a political process where negotiations and power are implicitly on the agenda.

Time horizon

How to forecast

What can Jedox offer?

Jedox embrace all business units to collect information’s and to support business and work processes,
and at the same time, gives insight in company goals and results.

Ready to Roll?

Implementation

You can’t do Rolling
forecast with Excel

Rikard Olsson, from Beyond Budgeting Institute, said at the FP&A conference i København, “You can’t do Rolling forecast with Excel – I am not paid by Qbit but you need a system like Jedox to do this”.

Tryg Group
Forecasting

Med Jedox, er alle data og forretningsprocesser digitaliseret, så løsningen styrer kommunikationen til brugerne i forretningen, og sørger for at alt input i form af ændringer til forecast mm.

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Jedox awarded as best in test by BARC 2019:

Europe's largest EPM survey - Jedox leader in:
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What Qbit's costumers says


“In 2011, we were hitting the limit with our Excel model, which had become very complex. We entered into a “Master of Science” collaboration with the purpose of converting our Excel to Jedox within 3 months. Today we use Jedox in the 5th year as our group budget and reporting platform”

Jan Knudsen
Head of Business

“Rambøll chose Jedox as a group budget and forecast solution for all 500 budget users worldwide – due to self-service, flexibility, user-friendliness and price – and for the first time ever, Rambøll has submitted its consolidated group budget on time”


Christiane Johansen
Director Global Support
”We chose a partnership with Qbit in August 2016 based on using Jedox to upgrade our Group forecasts to more automatic and modern management. We see great opportunities. We see great opportunities in the collaboration in terms of eliminating / upgrading the group’s many complex and manual spreadsheets, with the more flexible and user-friendly Jedox.”
Anders Egeblad
Head of Corporate

Thousands of companies have already chosen Jedox!

We offer the opportunity to try Jedox for free – Our consultants are always ready with instructions for using the Jedox software or ready to answer any question you might have.
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