Executive panel: The shift to rolling forecasting
Tuesday, August 24th, 2021 | 12:30 PM - 1:30 PM CT
Many organizations find that the most difficult challenge to implementing a rolling forecasting initiative is gaining organizational acceptance.
Hear from finance professionals who have engaged in the process with senior leadership to gain executive level buy-in and department-level acceptance. We'll discuss the considerations that must be addressed prior to a successful change, such as executive support for rolling forecasting; whether organizational leaders understand how to operate using a planning philosophy rather than the detail of an operating budget; and how to persuade the C-suite to be open to changes in financial reporting and the metrics they use to manage the business.
Questions we'll answer:
Hear from finance professionals who have engaged in the process with senior leadership to gain executive level buy-in and department-level acceptance. We'll discuss the considerations that must be addressed prior to a successful change, such as executive support for rolling forecasting; whether organizational leaders understand how to operate using a planning philosophy rather than the detail of an operating budget; and how to persuade the C-suite to be open to changes in financial reporting and the metrics they use to manage the business.
Questions we'll answer:
- What are toughest decisions faced as an organization moves away from an annual budget?
- In today's complex organizations, how do different areas of the business use a rolling forecast?
- What are tips that help with labor management when using a rolling forecast?
Presenter:
![spencer_jay_-_2019 - Daniel Gest](https://go.beckershospitalreview.com/hs-fs/hubfs/spencer_jay_-_2019%20-%20Daniel%20Gest.jpg?width=120&height=123&name=spencer_jay_-_2019%20-%20Daniel%20Gest.jpg)
Jay Spence
Vice President, Healthcare Industry Solutions & Strategy, Syntellis Performance Solutions
![Justice, Craig](https://go.beckershospitalreview.com/hs-fs/hubfs/Justice%2c%20Craig.jpg?width=120&height=120&name=Justice%2c%20Craig.jpg)
Craig Justice
Executive Director of Strategic Financial Planning, Piedmont Healthcare, Atlanta, GA
![Wilcox, Robert](https://go.beckershospitalreview.com/hs-fs/hubfs/Wilcox%2c%20Robert.jpg?width=120&height=120&name=Wilcox%2c%20Robert.jpg)