What does "Actuals Overlay" include?

The concept of "Actuals Overlay" is fundamental in financial planning as it integrates historical actual performance data into planning models. This approach enhances the quality and reliability of forecasts by incorporating real, previously accomplished results alongside predictive data.

When referring to "Actuals Overlay," it is important to understand that it specifically includes actuals data for levels that may not traditionally capture or cover certain dimensions of the organization. This means that if there are some levels or segments within a business that lack available historical data or actual performance metrics, the overlay fills in these gaps, providing a comprehensive view that enhances analysis, reporting, and forecasting processes.

By using actuals data at these unavailable levels, organizations can derive more accurate insights, helping managers and stakeholders make better-informed decisions. This process essentially links what has happened in the past with what is projected for the future, creating a more robust planning environment.