Track actual results with group consolidated Forecasts
In the first article in this series, we commented that
"building consolidated forecasts using spreadsheets is accompanied by constant reworking of the formulae that may – or more often don’t balance together with all the other errors inherent in using software not purpose-built for the job.
Or just getting one’s mind around, for instance, how to handle minority or associate interests and goodwill in a forecast was often an issue.
But with Forecast 5 it's all amazingly easy....
With ease, Forecast 5 enables the introduction of Actual results into a forecast so creating those critically important management information tools, the Variance Analysis and Rolling Forecasts.
The former allows the Board to drill down into subsidiary forecasts to determine the reasons behind departure from budget, positive or negative.
The latter – Rolling Forecasts – produce a blend of actual results-to-date with budget figures (or sometimes, re-forecast figures) to the end of the budget period.
The Rolling Forecast generates reports with the best information available – Actual performance to date with the best efforts forecast figures to the year end.
These statements are absolutely essential tools for the production of the CEO’s estimates of results for quarterly or half yearly “guidance” announcements to shareholders or regulators, as well as forming the bedrock of the group’s “going concern” assessment.
If you're ready to take control of your group forecasting and eliminate the hassle of manual updates, now is the time to act.
Forecast 5 makes consolidations easier, faster, and more accurate—giving you the tools to make confident financial decisions.
Don't just take our word for it—see it in action for yourself. Download a free trial or set up a demo at a time that suits you.
