Forecasting in Lean Times Guide

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The role of the CFO has shifted from tactician to strategist and CFOs are finding it increasingly difficult to balance the multitude of expectations of the finance function. CFOs are being asked to find more effective ways to reduce costs without compromising controls, maintain stability when non-routine situations arise, provide ongoing assurance that the organization is in full compliance with complex regulatory requirements, and provide more timely and insightful information for decision making. The recent economic downturn has further reduced the availability of critical resources complicating what is traditionally a challenging process.

Thus, this guide focuses on the improvements that businesses can make to forecast accurately and efficiently in lean times.

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