€20 ml on SAP. Not a cent spent on Forecasting, Budgeting Software
Business Intelligence, Sales intelligence and Sales forecasting all meet in the battle to generate accurate sales forecasts, financial forecast, budgeting and forecasting. Most organisations are left with their spreadsheets to meet this complicated challenge of producing forecasts without the support of IT sales forecasting software, financial modelling tools or Business intelligence.
4 tips to improve forecasting – Download Whitepaper here.
This week are we are getting loads of comment and feedback on our Blogs this week about the myths of forecasting. Included in one response was a joke about Train timetables and sales forecasts. How do know that Train was late? Because somebody produced a timetable in the first place. How do we know we missed out sales target? That why we have a free forecasting offer this week for sales forecastors.
Technically and Digitally minded Financial Controllers and Financial Analysts are constantly seeking new ways to produce better more accurate less time consuming forecasts which involve less effort and engage the entire the organisation enthuastically in meeting the Targets, Key performances indicators KPI's. All of which can driven by key assumptions which will dictate the outturn and hopefully drive the business. That’s what we at MXI do.
Better sales forecasting software will produce better financial models when business intelligence software, erp software are informing the forecasting process are all linked together. Then people know exactly what the current performance, market pen titration, margin, stock loss, sales conversion ratio, web site hits ratios. When this information is immediately available then better business modelling budgeting and forecasting will occur naturally.
Free forecasting software offer:
So why are people still using Excel spreadsheets to connect all of the company system such as SAP, ORACLE ERP systems linking to the source data to provide the basis for forming the forecast.