Why business forecasting software works
Business forecasting software works, yes you can do you business forecast on a piece of paper but why should you use business forecasting software? Well forecasting in Forecast Pro allows your business to learn from the past and make forecasting and re-forecasting a regular part of your monthly business planning routine. Through inherent forecasting automation and business driven forecasting assumptions Forecast Pro can help businesses effectively manage the forecasting process across their entire enterprise.
Businesses change on a daily bases as such so should your forecast. Consistently create re-forecasts within Forecast Pro by automatically extracting and consolidating actual and plan data through Forecast Pro. With Forecast Pro is it possible to be extracting and compiling data on a daily, weekly, monthly, quarterly, semi-annual or annual basis and is no longer cumbersome, try and do that on your piece of paper. For a business running their forecasts on Forecast Pro complex waterfall forecasts can be created with ease, providing timely, accurate and informative forecasted projections for your immediate response and reaction.
Businesses are built on units and so should your forecast. Forecast not only in Pounds and Euros but also units, square footage, headcount and other key financial drivers. Forecast Pro does not lock you down. Forecast Pro is tailored to utilize your key drivers financial and/or non-financial to increase your forecast accuracy and understand the drivers of costs and revenue.
Ask any accountant the true value of the business can sit outside the Profits & Loss and that is why Forecast Pro includes full financial cycle forecasting, going beyond simply the Profit & Loss forecasting, to include Balance Sheet and Cash Flow and Revenue forecasting. Forecast Pro creates the links in your business between forward-looking data from operations, and becomes the enabler to explain to your stakeholders how the P&L, Balance Sheet and Cash Flow statements will be impacted. Have you tried to do this on a piece of paper recently?
If you are still using that piece of paper or Excel for your business forecasts, have a look at Forecast Pro and see how it can help your business. MXI are offering you the chance for a free demo and one month’s trial of Forecast Pro.