Blog tagged as Financialservices

“Where Is My Cash?” – The One Question That Could Save Your Business

“Where Is My Cash?” – The One Question That Could Save Your Business

A few years ago, I asked a family member who runs a big South African investment fund how much he’d lost in the infamous Steinhoff scandal, a massive fraud that involved overstating profits and assets by US$7.4 billion. “Nothing”, he replied to my amazement, knowing that prior to its collapse when i...

18.07.25 03:09 AM - Comment(s)

Tracking WIP Through to Capitalisation with Forecast 5

Tracking WIP Through to Capitalisation with Forecast 5

VAT may be notoriously complex, but Forecast 5 makes it simple to apply, track, and report—no matter the scheme or rate. From standard to exempt, monthly payments to VAT holidays, we’ve got your forecasting covered.

17.06.25 01:16 AM - Comment(s)

Andrew Martin Consulting: Tailored for All Industries

Andrew Martin Consulting: Tailored for All Industries

Forecast 5 proves its flexibility with tailored enhancements for UK agriculture. Fractional Finance Director Andrew Martin shares how custom reporting features have transformed forecasting for farming clients.

02.05.25 02:20 AM - Comment(s)

Consolidations: Handling of Minority and Associate Interests and Goodwill

Consolidations: Handling of Minority and Associate Interests and Goodwill

Forecast 5 simplifies group consolidations by accurately handling minority interests, associates, and goodwill.

23.04.25 11:04 PM - Comment(s)

Consolidations: Allocation of Group Admin Amongst Subsidiaries

Consolidations: Allocation of Group Admin Amongst Subsidiaries

Allocate group admin costs effectively with Forecast 5 to ensure accurate, driver-based forecasts for all subsidiaries

09.04.25 08:03 AM - Comment(s)

Consolidations: Actual Results in Group Forecasts

Consolidations: Actual Results in Group Forecasts

Reporting and reflecting on actuals in a consolidation promotes healthier, stronger company-wide financial decisions

02.04.25 08:17 AM - Comment(s)

Consolidations: Multi-Currency Group Forecasts Made Easy in Forecast 5

Consolidations: Multi-Currency Group Forecasts Made Easy in Forecast 5

Discover how Forecast 5 simplifies group consolidated forecasts across multiple currencies with accurate, real-time exchange rate adjustments.

17.03.25 09:15 PM - Comment(s)

Consolidations: Eliminating Intercompany Profits & Loans in Forecast 5

Consolidations: Eliminating Intercompany Profits & Loans in Forecast 5

In the 2nd article of our series, dive into how Forecast 5 seamlessly handles intercompany profits, losses, and loans. Explore how our tool ensures the proper elimination of intercompany transactions, providing you with a clear, accurate consolidated forecast.

11.03.25 12:15 AM - Comment(s)

Consolidations: Forecasts Made Easy - With all the Bells!

Consolidations: Forecasts Made Easy - With all the Bells!

Forecast 5 simplifies group forecast consolidations, handling currency, intercompany loans, overheads, and minority interests with ease.

05.03.25 11:17 AM - Comment(s)

Navigating Hidden Costs in the Age of AI

Navigating Hidden Costs in the Age of AI

As AI adoption increases, finance teams struggle with rising costs, unpredictable cloud bills, and shadow IT purchases that strain budgets. A recent survey reveals that while IT budgets are set to grow in 2025, many organisations lack the data to track and manage spending effectively.

08.02.25 11:29 PM - Comment(s)

UK Growth Strategy: Aligning with the US or Doubling Down on the EU?

UK Growth Strategy: Aligning with the US or Doubling Down on the EU?

The UK faces a defining choice — embrace US-style free-market growth or return to EU-style regulation. Discover what it means for UK business

28.11.24 06:42 AM - Comment(s)

Lord David Pannick rides to the rescue of Independent schools

Lord David Pannick rides to the rescue of Independent schools

The Autumn Budget presented last week has ruffled a not inconsiderable number of feathers with accusations of lying and broken manifesto promises flying. The Office of Budget Responsibility failed to support the Chancellor’s claim of a £22bn black hole left by the last government.

07.11.24 12:51 PM - Comment(s)

Surviving the School Fees VAT Raid

Surviving the School Fees VAT Raid

Independent Schools face a 20% VAT hike in January 2025. See how Forecast 5 can help Bursars plan and make data-driven financial decisions quickly and accurately.

20.09.24 01:18 AM - Comment(s)

Raw Materials, WIP & Finished Goods: Controlling the Manufacturing Process and Maximizing Profits

Raw Materials, WIP & Finished Goods: Controlling the Manufacturing Process and Maximizing Profits

Efficient budgeting and cost analysis are essential for any business. Discover how Forecast 5's Stock on Hand functionality helps manage work in progress, production costs, and finished goods pricing across various industries.

07.08.24 08:46 PM - Comment(s)

The Audit, Reporting and Governance Authority (“ARGA”) and Forecast 5

The Audit, Reporting and Governance Authority (“ARGA”) and Forecast 5

Deliver clear, accurate, and auditable forecasts with Forecast 5 to meet ARGA and governance standards

25.07.24 08:31 AM - Comment(s)

Seize Strategic Clarity With Post Election Opportunities

Seize Strategic Clarity With Post Election Opportunities

Transform political change into financial opportunity with Forecast 5—track, forecast and adapt with confidence.

12.07.24 08:55 AM - Comment(s)

Reflecting on Accountex London 2024: A Week of Connections and Insights

Reflecting on Accountex London 2024: A Week of Connections and Insights

Explore how Forecast 5 turned insights into action at Accountex London 2024 — integrations, ‘what‑if’ scenarios & growth across the UK

23.05.24 02:59 PM - Comment(s)

Why Sticking with Spreadsheets Is Holding You Back

Why Sticking with Spreadsheets Is Holding You Back

Stop relying on spreadsheets—Forecast 5 makes budgeting and forecasting faster, more accurate, and fully integrated

17.04.24 07:58 PM - Comment(s)

Forecasting the Total Cost of Labour: Quickly, Transparently and Accurately

Forecasting the Total Cost of Labour: Quickly, Transparently and Accurately

If you’re searching for a tool to really control costs, Forecast 5 ticks the boxes: rapid modelling, full transparency and flexibility.

05.12.23 05:08 AM - Comment(s)

When Audits Fail: What Carillion Taught Us About Forecasting

When Audits Fail: What Carillion Taught Us About Forecasting

The Carillion collapse exposed KPMG’s audit failures. Learn why robust, reliable forecasting tools are critical for accurate going concern assessments

20.10.23 05:02 AM - Comment(s)