MAKE THE MOST OF YOUR FORECASTS
Forecasting, although a crucial aspect of business operations, can be a difficult task to get right. Without accurate forecasts, you’re unable to gauge how well you’re doing today or plan for your business’ future. And, manually created forecasts are often out of date not long after you complete them.
Keep up with the changes in your company and the market with Prophix forecasting software capabilities. You can quickly and easily create flexible, accurate forecasts. And, with those forecasts, you’re empowered to make strategic business decisions based on real-time information.
With Prophix forecasting, you can create the following forecasts with just a few clicks:
- Rolling forecasts
- Multi-year forecasts
- Daily forecasts
- Driver-based forecasts
Dive into some of the top benefits associated with Prophix forecasting, and discover the impact it could have on your future success.
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While you can’t predict the future, Prophix forecasting enables you create accurate predictions without the confines of formulas and spreadsheets. Your forecasts will reach new levels of consistency as you integrate all your crucial data and decision-making points into a single platform.
Create Rolling Forecasts
The days of static or fixed forecasts created each quarter or year are over. Today, rolling forecasts give you the power to work with constantly updated data to reflect even the slightest changes in your business or market. When you can easily create rolling forecasts, you gain greater insight into the future and stay ahead of fast-paced industries.
With Prophix’s automation capabilities, you can easily pull data from multiple sources to create accurate forecasts. Instead of entering data manually or referencing numerous other sources, Prophix does the work for you, pulling actual, planned, and forecasted data into a single location.
Customize for Your Needs
Businesses in every industry have different forecasting needs. With Prophix, you can create forecasts that make sense for your business. Create forecasts based on cash flow, production, sales, and finances, using the timeline that’s right for your business, whether that is days, weeks, months, or years.
To accurately prepare for your business’ future, you need to integrate real-time data. You can quickly adapt for rapidly changing factors like interest rates, currency rates, production levels, and payment terms. Giving these factors a place in your forecasts makes for improved plans for the future.
Through Prophix’s workflow capabilities, you are able to track inputs, changes, and approvals, while avoiding long email chains or inefficient conference calls. With the input from different team members across your organization, you’re also able to integrate local and immediate impacts to your forecasts.
Can Prophix handle a trailing twelve-month rolling forecast?
Yes. Depending on your corporate strategy, you can create trailing and rolling forecasts for any time-period. For example, in the middle of your fiscal year, you can see your trailing twelve-month actuals as well as a month-by-month forecast for the remaining six months.
Can the forecast be populated with a combination of historical actuals and plan numbers?
Yes. You can create your own forecasts using a combination of historical data and planned data. For example, you can create a new forecast for Q2 using actuals from last year and Q1 actuals.
Can the forecast be extended out multiple years at a summary level?
Yes. Prophix gives you complete control over your reports, including the ability to forecast out at a summary level. For example, you can create a report to view a month-by-month breakdown of actual and budgeted data for your current fiscal year, and summary totals for projections on a year-by-year basis for the next five years.
Discover How to Make the Most of Your Forecasts
Understand your business today for better predictions in the future. Prophix is the key to creating accurate, impactful forecasts that empower you to make the best business decisions. And, with cloud or in-house deployment capabilities, you have a solution perfectly designed for your needs. Adopt forecasting software from Prophix for an improved look into your future.