Blog | Forecast 5

Consolidations 4: Actual results in Group Consolidated Forecasts

In the 4th article of our series, see how Forecast 5 integrates actual results into your group consolidated forecasts. With features like variance analysis and rolling forecasts, you can make informed decisions and adjust to changing conditions in real-time.

02.04.25 08:17 AM - Comment(s)

Consolidations 3: Consolidation with multiple currencies

By Caroline

In the 3rd article of our series, learn how Forecast 5 helps you manage group consolidated forecasts across multiple currencies. We simplify currency conversions, ensuring your group’s financial reporting is accurate and straightforward, no matter the global footprint.

17.03.25 09:15 PM - Comment(s)

Consolidations 2: Intercompany profits & losses and loans

By Caroline

In the 2nd article of our series, dive into how Forecast 5 seamlessly handles intercompany profits, losses, and loans. Explore how our tool ensures the proper elimination of intercompany transactions, providing you with a clear, accurate consolidated forecast.

11.03.25 12:15 AM - Comment(s)

Consolidations 1: Forecasts made easy with all the bells!

By Caroline

In the 1st article of our series, discover how Forecast 5 simplifies consolidation forecasts, making complex processes like currency conversions and intercompany eliminations effortless. Learn how our software streamlines your forecasting process and ensures accurate group-level reporting.

05.03.25 11:17 AM - Comment(s)

Avoiding the AI sinkhole

By Caroline

As AI adoption increases, finance teams struggle with rising costs, unpredictable cloud bills, and shadow IT purchases that strain budgets. A recent survey reveals that while IT budgets are set to grow in 2025, many organisations lack the data to track and manage spending effectively.

08.02.25 11:29 PM - Comment(s)

Budgeting for 2025

By Caroline

And with all the changes wrought on the UK economy by “Rachel from Accounts” we have to be very nimble to keep ahead of what we anticipate will be a rapidly moving situation. Most commentators are expecting declining growth – we can only hope we can avoid the spectre of two quarters of zero growth, ...

29.12.24 06:32 AM - Comment(s)

A Century of Dedication: The Moredun Foundation’s Impact on Livestock Health

By Caroline

The Moredun Foundation has been a pillar of support in the livestock farming community for over a century, consistently demonstrating its commitment to animal health and welfare. The Moredun Foundation describe themselves as

“a mixed group of charities and commercial subsidiaries focused on pro...

28.11.24 12:36 PM - Comment(s)

Choosing Growth: US Partnerships or EU Regulations and Higher Taxes?

By Caroline

Is the UK at an economic tipping point? With GDP growth lagging behind the US and Europe, tough choices loom for the government. Explore what experts suggest—and why businesses need the right tools to navigate these uncertain times.

28.11.24 06:42 AM - Comment(s)

Lord David Pannick rides to the rescue of Independent schools

By Stephanie

The Autumn Budget presented last week has ruffled a not inconsiderable number of feathers with accusations of lying and broken manifesto promises flying. The Office of Budget Responsibility failed to support the Chancellor’s claim of a £22bn black hole left by the last government.

07.11.24 12:51 PM - Comment(s)

Surviving the School Fees VAT Raid

By Caroline

Independent Schools face a 20% VAT hike in January 2025. See how Forecast 5 can help Bursars plan and make data-driven financial decisions quickly and accurately.

20.09.24 01:18 AM - Comment(s)

Breaking down our stock records

By Stephanie

We know that budgeting for stock and its varying requirements can be a bit tricky. But Forecast 5 has 3 different record types to help you budget quicker and more accurately in a way that works for your business.

26.08.24 12:16 PM - Comment(s)

Raw Materials, WIP & Finished Goods - controlling the manufacturing process and enjoying the profits!

By Caroline

Efficient budgeting and cost analysis are essential for any business. Discover how Forecast 5's Stock on Hand functionality helps manage work in progress, production costs, and finished goods pricing across various industries.

07.08.24 08:46 PM - Comment(s)

The Audit, Reporting and Governance Authority (“ARGA”) and Forecast 5

By Stephanie

Right at the top of the King’s Speech(1) on 17 July, 2024 in only the third paragraph King Charles noted “Bills will be brought forward to strengthen audit and corporate governance, [Draft Audit Reform and Corporate Governance Bill]."

Known as ARGA, this bill has been a long time coming as this ...

25.07.24 08:31 AM - Comment(s)

How Forecast 5 can help you manage your organisation

By Stephanie

It’s a funny old world – the strange arithmetic of the UK’s “first past the post” system propelled Labour into the House of Commons with 63% of the seats whilst the Conservatives and Reform achieved a scant 20% of the seats with more votes!

To some, heaven on earth, to others Armageddon.

At Fore...

12.07.24 08:55 AM - Comment(s)

How Forecast 5 can help navigate in a changing political environment

By Stephanie

Unlike the pilot of the imaginary plane after last weekend’s European elections that saw major shifts to the right across multiple countries in the EU, the move in the UK if the pollsters are to be believed is that the UK will shift to the left.

At Forecast 5 we aren’t in the business of pickin...

17.06.24 09:04 AM - Comment(s)