Budgeting Forecasting & Bridge Analytics

Budgeting, forecasting, and bridge analytics from actuals to budget/forecast are key components of a company’s financial planning and analysis process. Budgeting involves creating a detailed plan for expected revenue, expenses, and cash flow for a specific period. Forecasting involves projecting future financial performance based on historical data and the latest current conditions. Bridge analytics is the process of comparing actual results to budgeted or forecasted results in order to identify any variances and understand the drivers of those variances.

This information can be used to inform future budgets and forecasts, and to identify areas for acting and improvement. Effective budgeting, forecasting, and bridge analytics requires a well-rounded knowledge of the company’s financial performance, market conditions, and operations, as well as the ability to analyse and interpret financial data. The goal of these processes is to provide decision-makers with accurate and actionable financial information that supports informed decision-making, improves financial performance, and drives long-term success.