3 Considerations for Planning Forecast Accuracy

Making an accurate planning forecast is an extremely important piece of the planning cycle for a retailer.  It’s also a difficult and complex component to get right.  Part art, part science, it requires a deep understanding of your customers, their buying habits, and the effects of seasonality. Fortunately, it’s a lot easier when you have…

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Tariffs and Analytics – Mitigate the Impact

Don’t Fall Victim to the Global Tariff War: Learn How Nortek Security & Control Uses Incorta Analytics to Mitigate the Impact Written by Brian Keare, Sr. VP of IT, Nortek Security & Control Originally posted September 13, 2018 A global tariff war is underway, and it’s putting your business at risk. But—as every adversity presents an opportunity—the…

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3 Considerations For Selecting the Right Financial Forecasting Software

What is financial forecasting? How does it differ from budgeting? And what should you be considering when looking for a financial forecasting software to help automate your financial forecasting process. Financial forecasting and budgeting are often used interchangeably when talking about business planning processes.  They are both used to align organizations and help executives to…

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Step up your FP&A game with rolling forecasts

When it comes to FP&A forecasting, most companies base their long-range forecasts on static planning processes, rather than more relevant, dynamic plans that reflect the complexities of the business. Relying on a forecast that doesn’t enable continuous monitoring of company performance, instead of implementing a modern, rolling forecast approach, is like using an old-school road map to guide…

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Understanding Your Forecasting Hurdles

For many people, forecasting is like a shot in the dark with little or no hope of hitting the target much less with any accuracy!  So why do they keep forecasting this way?  To quote Albert Einstein, “The definition of insanity is doing the same thing over and over again but expecting different results.”  I…

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