Financial Forecasting – Introducing a Powerful New Module of the RealTime CEO Software

Date: 30 November 2017
Category: Financial Forecasting
Tags:

For many executive teams, financial forecasting is a cumbersome, time-consuming and wildly inaccurate process. It’s so frustrating that some private mid-market companies have given up on it entirely.

With the new forecasting module in our RealTime CEO software, creating a comprehensive forecast is as simple as clicking a button.

Our new forecasting module takes your current and historical financial data trends and projects it 12 months into the future, automatically building comprehensive forecasts for operational P&L and balance sheet items, along with all of your key RealTime CEO metrics.

This eliminates the biggest source of headaches in the forecasting process – building the initial 12-month forecast (including the balance sheet items).

The software delivers your financial forecast without the need for accountants or Excel gurus. It allows business leaders to have a business conversation about the future while adjusting business assumptions with a few clicks or numerical adjustments.

Enabling Financial Forecasting

Access your financial forecast by clicking on the Forecast Assumptions option in the main navigation on the left.

The software will then allow you to select your 12-month revenue target, giving you the options of:

• Using your current trailing 12-month revenue
• Manually entering a target
• Selecting a percentage change from your current trailing 12-month revenue

Once you’ve determined the value of the revenue, you then have the option to set your monthly targets evenly or use the “seasonal shape” of the forecast by replicating the monthly totals from the previous year.

This provides the starting point for your business conversations about the landscape ahead.

Adjusting the Forecasting Assumptions

During your monthly SON communication business discussions, you can adjust your forecast as needed by selecting the category to edit.

Then, adjust specific months either by selecting a percentage change or by typing in a specific number.

Using Forecasting

Once you’ve enabled forecasting, you have the option to view it throughout the software.

Full Demonstration

Here is a complete video demonstration of how to use the financial forecasting module.

To get started, subscribe here.