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This is in contrast with a typical quarterly or annual budget, which sets out all team or company spending in advance of a set time frame. ",{"type":57,"content":65},[66],{"text":67,"type":53},"CFOs and finance teams use this model to fuel better real-time decision making, and for a planning process based on actual results rather than future performance.","flex-start",[],true,"rowItem","false","hero",[],[],{"cta":77,"_uid":93,"ctaIcon":94,"ctaTitle":97,"richText":98,"component":806,"ctaSubtitle":807,"relatedLinks":808,"relatedTitle":833,"sectionSettings":834},[78],{"tag":18,"_uid":79,"icon":80,"link":82,"type":18,"label":90,"style":91,"component":92,"onClickEvent":18,"openInANewTab":14,"horizontalFill":14},"18730d45-3fb0-40e2-a557-50f173c4514c",{"id":81,"alt":81,"name":18,"focus":81,"title":81,"filename":81,"copyright":81,"fieldtype":20},null,{"id":83,"url":18,"linktype":84,"fieldtype":85,"cached_url":86,"story":87},"0e21aea9-1207-42a1-93a5-48a5a547b5d4","story","multilink","platform-tour",{"name":88,"id":89,"uuid":83,"slug":86,"url":86,"full_slug":86,"_stopResolving":70},"Platform tour",413550505,"Try it out","primary","cta","bd1935e7-e713-4b63-9f6b-6b4a0be6b91e",{"id":95,"alt":18,"name":18,"focus":18,"title":18,"filename":96,"copyright":18,"fieldtype":20},4594064,"https://a.storyblok.com/f/146026/x/0c8d2eb9af/light_bulb.svg","Need more control and visibility over spend?",{"type":44,"content":99},[100,111,129,147,177,181,198,208,219,225,257,274,303,308,319,340,350,368,405,415,424,435,439,450,460,469,500,509,520,525,536,553,558,569,587,592,602,624,633,637,646,669,679,702,707,729,771,776,786,802],{"type":47,"attrs":101,"content":103},{"level":102},2,[104,109],{"text":4,"type":53,"marks":105},[106],{"type":107,"attrs":108},"textStyle",{"color":18},{"text":110,"type":53}," vs static budgeting",{"type":57,"content":112},[113,115,120,122,127],{"text":114,"type":53},"In theory, a ",{"text":116,"type":53,"marks":117},"static budget",[118],{"type":107,"attrs":119},{"color":18},{"text":121,"type":53}," shouldn’t change until the end of a set ",{"text":123,"type":53,"marks":124},"period of time",[125],{"type":107,"attrs":126},{"color":18},{"text":128,"type":53},". 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And the real world doesn’t actually stop on December 31st.",{"type":57,"content":148},[149,154,156,161,163,168,170,175],{"text":150,"type":53,"marks":151},"Rolling forecasts",[152],{"type":107,"attrs":153},{"color":18},{"text":155,"type":53}," also work with a set ",{"text":157,"type":53,"marks":158},"time frame",[159],{"type":107,"attrs":160},{"color":18},{"text":162,"type":53},", but with no end date. The typical example is a 12-month ",{"text":164,"type":53,"marks":165},"rolling forecast",[166],{"type":107,"attrs":167},{"color":18},{"text":169,"type":53},", updated either quarterly or monthly. 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Each supplies projections and likely targets for the year to come. For revenue-driving teams, it makes sense to artificially deflate these projections - to keep their targets low and achieveable. This leads to better compensation. ",{"type":57,"content":436},[437],{"text":438,"type":53},"For others, projections may be inflated to receive more resources. And others still may just be an overly optimistic (or pessimistic) guess of what’s to come nine months from now. ",{"type":57,"content":440},[441,443,448],{"text":442,"type":53},"Whatever the case, you’d always prefer to use the most up-to-date ",{"text":444,"type":53,"marks":445},"financial reporting",[446],{"type":107,"attrs":447},{"color":18},{"text":449,"type":53}," to build your forecast - not projections and results from up to a year in the past. ",{"type":47,"attrs":451,"content":452},{"level":221},[453,455],{"text":454,"type":53},"A closer eye on ",{"text":456,"type":53,"marks":457},"cash flow",[458],{"type":107,"attrs":459},{"color":18},{"type":57,"content":461},[462,463,467],{"text":322,"type":53},{"text":213,"type":53,"marks":464},[465],{"type":107,"attrs":466},{"color":18},{"text":468,"type":53}," is arguably most popular in difficult economic times. 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