The recent financial crisis and the resulting economic landscape that construction and contracting businesses face today has demonstrated the importance of being able to forecast as a business. With many companies finding themselves under prepared for the rigours of a downturn, they turned to often poorly structured forecasts on which to make key business decisions about future direction.
Although the general failure in the economy was sudden and devastating, many commentators are, with visionary hindsight, certain that with the correct systems in place providing visibility of exposure to risk and debt servicing, businesses could have been better prepared for what came to pass. Where are the problems? Read this white paper to learn how forecasting can help in 3 ways.