Forecast 5 streamlines the complexities of group consolidation forecasting, offering a comprehensive solution for businesses of all sizes. Here's how:
💱Currency Conversion
Automatically convert subsidiary forecasts into your chosen base currency, ensuring consistency across the group.
🔄Eliminate Intercompany Transactions
Efficiently handle intercompany loans, profits, and losses, ensuring accurate consolidated figures.
🏢Manage Complex Group Structures
Seamlessly consolidate forecasts from subsidiaries, branches, and departments, regardless of complexity.
📊Allocate Overheads
Allocate group administrative costs to subsidiaries, reflecting true cost distribution.
With Forecast 5, these processes are automated, reducing manual errors and saving valuable time.
📈 Comprehensive Financial Reporting
We often wonder how we previously coped with all of these tricky situations when we tried to do this in a spreadsheet using multiple tabs and formulae that grew exponentially as we added more divisions, departments or subsidiaries.
Consolidations of spreadsheets was accompanied by constant reworking of the formulae that may – or more often, did not - balance and all the other errors inherent in software not built for the job. Or just getting one’s mind around minority interests and goodwill was always an issue – at least for this scribe – but with Forecast 5, its amazingly easy.
Forecast 5 focusses exclusively on budgeting, forecasting and actuals. Sure, there are various add-ons to make the users’ life easier - like integrations with your favourite accounting or ERP to bring in opening balances and actual results automatically.
It does it well, all the way up from simple company forecasts to very complex group forecasts with multiple companies or even multiple levels of consolidations. And each consolidation in Forecast 5 includes:
Profit & Loss Statement 📉
Track income and expenses across the group.
Balance Sheet 🧾
Monitor assets, liabilities, and equity.
Cash Flow Statement 💰
Understand the inflow and outflow of cash.
Funds Flow Statement 💡
Analyse the movement of funds within the group.
These reports are balanced and integrated, ensuring the integrity of your financial data at every level of consolidation.
🛠️ Built for Complexity, Designed for Simplicity
Forecast 5 is tailored for complex group structures, handling multiple layers of consolidation effortlessly. Its intuitive interface and robust features make it the ideal tool for businesses seeking accurate and efficient group forecasting.
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