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 or plan for your business’ future.
To increase the effectiveness of forecasting while reducing business risk, more businesses are moving towards agile forecasting and increasing the frequency of their planning iterations. Keep up with changes in your company and the market with Prophix’s forecasting capabilities. You can quickly and easily create flexible, accurate forecasts that empower you to make strategic business decisions based on accurate and reliable information.
With Prophix forecasting, you can create the following forecasts with just a few clicks:
Dive into some of the top benefits of forecasting and discover how it could impact your future success.
While you can’t predict the future, forecasting enables you to create data-driven 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.
As forecasting demands have become more complex, the days of static or fixed forecasts 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 your competition.
With Prophix’s automation capabilities, you can easily pull data from multiple sources to create accurate forecasts. Instead of entering data manually or referencing other sources, Prophix does the work for you, pulling actual, planned, and forecasted data into a single location so that you can easily quantify trending and business realities.
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. Elevate your forecasting plans to meet evolving stakeholder demands.
To accurately prepare for your business’ future, you need to integrate real-time data. As you increase the frequency of your forecasts, the more you’ll realize just how inefficient spreadsheets can be. 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 improves your planning capabilities.
Through Prophix’s workflow capabilities, you can 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 into your forecasts.
With Prophix giving us a full understanding of our financials and how they relate to decision making, we hold our people accountable.
Rich Pacheco VP, Finance & Administration AAA Northeast
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. Forecast with Prophix for a better look into your future.
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