Financial Planning & Analysis

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  1. Financial Planning & Analysis
  2. Process
  3. Forecast review
Process · Forecast review

Forecast review

A forecast version draws its planning context from a named driver, partner and dated term. Admin maintains the driver’s unit, rate and basis. FP&A Planner checks those assumptions against the version’s forecast amount and actual to date. Finance Leader can inspect held versions and ask for the recorded reason.

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Step by step

  1. Maintain forecast drivers Admin

    Check the unit, rate, driver type and default basis used by version owners.

    • Check the unit, rate, driver type and default basis used by version owners.
    • Updates Forecast drivers

  2. Review forecast versions FP&A Planner

    Compare forecast amount with actual to date over the version term and inspect any hold reason.

    • Compare forecast amount with actual to date over the version term and inspect any hold reason.
    • Updates Forecast versions, Forecast drivers, Business partners

Where it usually breaks

And how to keep it from happening.

  • Compare driver code and version reference before discussing a rate change.
  • Keep the version’s partner, organization and start and end dates together.
  • Review the held version’s reason with its owner before using its amount in a planning decision.

Who does what

Roles and permissions
Admin
, FP&A Planner and Reviewer participate according to the record and access setup.

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