Challenges
The winery is a vertically integrated business with multiple cost centres, requiring a fair measure of detailed analysis to build a budget. With such a diverse company, it was essential that we found a tool that could provide the accurate financial statements we needed but also allow us to consolidate our divisions with ease.
With Sage Winforecast losing its stability and support, and the refusal to revert to simplistic spreadsheets, we came across Forecast 5.
After testing and evaluating, we ultimately decided to adopt Forecast 5.
Using Forecast 5
With the ability to easily consolidate our business units and taking into consideration all aspects of wine making, we can produce a budget with a fully integrated Income Statement, Balance Sheet & Cash flow forecast. The software provides a level of reliability to these primary documents that is difficult to achieve in a spreadsheet environment and enables greater focus on the data rather than trying to figure out ‘what’s wrong with the spreadsheet’.
Helpful & Supportive
“Forecast 5 allows us the break the business down to manageable parcels, using a series of ‘standalone’ & relatively simple excel templates reflecting the various divisions of the business. These ‘templates’ can then be collated through Forecast 5 to produce financial statement forecasts that have solid integrity. ”
Graham Beattie - Director
Website: www.dogpoint.co.nz
Contact: Graham Beattie
Role: Director & Financial Controller
Date established: 2002 & 2008
Other: Greywacke Vineyards Organisation
Type: Vintners & Winemakers
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