Future Cuisine Limited, a leading supplier of high-quality, environmentally sustainable green shell mussels, faced challenges in managing their financial forecasting and reporting processes. With an annual turnover exceeding $14 million, the company needed a solution that could handle complex financial data and provide reliable insights for internal management and external stakeholders.
Lloyd Preston, Chief Financial Officer at Future Cuisine, sought a comprehensive financial forecasting tool that could integrate seamlessly with their existing systems and offer flexibility to accommodate their unique business needs.
💡 Why Forecast 5 was the Right Choice
After evaluating various options, Future Cuisine chose Forecast 5 for its robust features and value for money. The software's ability to produce detailed financial reports, including Balance Sheets and Cash Flow statements, and handle consolidations with ease, made it an ideal fit for the company's requirements.
“Compared to what I researched a year ago, Forecast 5 was still good value for money and had flexibility to add as much detail as you wanted. It produced a Balance Sheet and Cashflow, and consolidations are done with ease. Being able to load multiple forecasts is a bonus which some of the other programs did not have.”
— Lloyd Preston, Chief Financial Officer
📊 Key Benefits of Using Forecast 5
Future Cuisine experienced several advantages after implementing Forecast 5:
🔹Accurate Financial Reporting: Ensured seamless flow of figures from Profit and Loss to Balance Sheet to Cash Flow, enhancing the accuracy of financial statements.
🔹Comprehensive Tax Handling: Managed complex financial elements such as loans, GST, PAYE, and other taxes with ease.
🔹Efficient Budgeting: Simplified the process of copying previous budgets as a basis for rolling years, saving time and reducing errors.
🔹Excel Integration: Facilitated easy exporting and importing of data from Excel, streamlining data management.
🔹Flexible Scenario Planning: Enabled the creation of new scenarios as needed using the "What If" function, allowing for better strategic planning.
🔹External Data Integration: Offered great flexibility with hotlinking to external Excel worksheets, enhancing data connectivity.
🌟 Forecast Smarter, Plan Better, Grow Faster
Forecast 5 allows Future Cuisine to handle complex financial data, consolidate divisions, and forecast multiple scenarios with ease. By providing accurate, reliable, and timely reporting, it empowers the finance team to make informed, data-driven decisions and plan strategically for continued growth and operational excellence.
Website: www.futurecuisine.co.nz
Contact: Lloyd Preston
Role: Chief Financial Officer
Type: Food & Drink
Annual Turnover: $14 million +
