Forecasting is part of the process of updating the budget, which may occur one or more times a year. Typically an annual target value is set, which is valued on several months considering the first month of Actual figures and market dynamics.

Forecasting represents a move away from the annual sequential budgeting and planning cycles with forecasting becoming the focus of business reviews, introducing a forward strategic plan orientated slant to executive debate. As such, forecasting tends to take place at a higher level in the organisation structure, with an analytical rather than data collection approach.

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Tagetik CPM is the first completely financial closed-loop, double entry CPM solution, that unifies in a single product all Corporate Performance Management processes and Financial Governance processes for data consistency and reliability.
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