Majority of Romanian CFOs say they now need constantly updated financial forecasts

Roughly 8 out of 10 chief financial officers, or CFOs, from Romania’s largest companies say they now need constantly updated financial forecasts, unlike previous years when the focus was primarily on financial results, budgeting, and accounting, according to Inulta, a company specializing in Corporate and Enterprise Performance Management.

The forecasts come to offer a degree of predictability in an economic environment marked by volatility, uncertainty, and mounting external pressures. CFOs feel the change, as they must quickly reconfigure plans, goals, and budgets based on newly available data.