As a Financial Analyst at EquiFin Inc., I played a crucial role in transitioning our annual budgeting process towards Rolling Forecasts. We recognized the need for more dynamic financial planning amid increasing market uncertainties. I was part of the team that implemented the transition using financial tools such as SAP BPC for forecast modeling and Tableau for visualization.
The biggest challenge was training the team to shift from traditional financial planning towards a more iterative, forward-looking approach. We conducted extensive training and worked collaboratively to align everyone with the new system. Post-implementation, we realized significant improvements in our ability to anticipate market changes and adjust our corporate strategies accordingly, resulting in enhanced business performance and financial efficiency.