We often hear, It’s really hard to forecast long term. It doesn’t have to be. This process is about being roughly right rather than exactly wrong. In other words, it’s not about creating a detailed long-term budget.
Imagine sitting in a room with other key players and having the ability to instantly see the financial impact of trends extending into the future combined with strategic ideas and decisions. This enables decision-makers to more easily answer the question, Is this a place we ought to want to go?
Decision-makers often link Long-Term Financial Forecasting with the strategic planning process.