Finance forecasting is the process of creating periodic projections of a company’s future financial performance. By looking at current and past data, financial forecasting can give business owners a realistic picture of where their finances may be heading in the near future. Through this type of financial planning, businesses can identify areas that are ripe for cost savings or investments while also preparing for any unexpected expenses. Accurate cash flow forecasting is essential for successful budget management. By assessing their current financial situation and developing strategies to maintain their financial health, companies can achieve long-term success.