A New Planning Paradigm for CFOs

“I’m likely to need these TPS experiences ASAP.” — Invoice Lumbergh, Office environment House

TPS experiences are an real “thing.” But, due to the fact the film Office environment House grew to become a cult hit, the expression has turn into the codeword for any meaningless or antiquated reporting exercise.

Budgeting is, of course, no TPS report. As a substitute, it is the centerpiece of annual enterprise preparing. CFOs provide as the principal architect of that exercise and the re-forecasting system that follows it.

Complex CFOs know that it is time to alter that budgeting and forecasting paradigm basically. These CFOs fully grasp that ongoing financial uncertainty involves a system that does far more than passively program and report right after the truth. As a outcome, some have tweaked the system (shortening forecasting cycles from quarterly, to monthly, to weekly) to assure far more precision in addressing lagging indicators.


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