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How to Overcome 5 Barriers to Connected Budgeting and Forecasting

Improving forecasts and budgets with real-time data and AI

Published November 2024
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As business leaders set their near- and long-term goals, aligning financial and operational plans is crucial for identifying revenue-generating initiatives and maintaining agility in a changing environment.

Organisations that excel at planning continuously run multiple scenarios and gather input from various business lines. However, a recent FTI Consulting survey revealed that 84% of CFOs believe their companies need to improve forecasting accuracy, highlighting the vulnerabilities of traditional methods amid recent volatility.

This business guide addresses common challenges in budgeting, planning, and forecasting, and outlines how to achieve unified planning through technology, including AI, and key strategies for aligning operational plans with financial goals.