Integrating Actual Results into Consolidated Forecasts
Imagine you are the CFO of a multinational group with multiple subsidiaries. At the end of Q1, your consolidated forecast shows a healthy profit—but the actual results from your subsidiaries reveal that one key branch significantly overspent on operations, while another underperformed in revenue.
Without integrating these actual results into your forecasts, the Board is looking at outdated, misleading information. Decisions about budgets, investments, and cashflow could be based on assumptions that no longer reflect reality.
This is where Forecast 5 comes in.
🔄 Seamless Importing of Actual Results
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, is seamless. This enables the creation of two essential management tools:
Variance Analysis 📉
Allows the Board to investigate deviations from the budget, identifying both positive and negative variances.
Rolling Forecasts 🔄
Combines actual performance to date with updated forecasts for the remainder of the period, providing a dynamic view of future expectations.
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.
📈 Enhanced Decision-Making
By integrating actual results, Forecast 5 provides:
🔹Accurate Financial Reporting:
Reflects true performance, aiding in precise financial analysis.
🔹Informed Strategic Planning:
Facilitates adjustments to forecasts based on real-time data.
🔹Improved Stakeholder Communication:
Ensures transparency and confidence in financial reporting.
This approach empowers finance teams to make informed decisions and adjust to changing conditions in real-time.
🚀 Take Control of Your Group Forecasting
Forecast 5 makes consolidations easier, faster, and more accurate—giving you the tools to make confident financial decisions.
