🙏 A big thanks to everyone who joined me yesterday for my webinar “From Rigid to Agile: Reshape your financial planning” in cooperation with Snowdrop!
Your engagement and questions really enriched my presentation and it was a pleasure to share insights and experiences with you!
❓Missed it?
💡Here’s a short summary:
1. Agile vs. Traditional Budgeting: Agile financial planning is promoted over traditional budgeting for its adaptability, focusing on continuous improvement and long-term value rather than rigid, cost-focused planning.
2. Business Rhythm and Management: Agile methods replace annual budget cycles with rolling periods and regular updates to better align with real-time business needs and improve responsiveness.
3. Agile Forecasting Techniques: Forecasts are updated frequently based on actual business activities, using last forecast as a foundation, which streamlines the forecasting process.
4. Cultural Shift: A shift towards a trust-based organizational culture is crucial in agile planning, empowering teams and fostering engagement and accountability.
5. Implementation and Adaptation: Effective adoption of agile financial planning involves careful analysis of existing processes, appropriate tool selection, management buy-in and comprehensive training to ensure all team members are aligned and confident.
Thank you again for your time and participation!
Until next time!