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P&L 5 Year Forecast
Who uses 5 Year P&L Forecasts and What are Some Key Analytical Features? In today’s fast-paced business environment, Budget Managers are under high pressure to supply end users like executives and board members with multi-year Forecasts. Companies use key features like the ones below to support their users with easy and effective planning capabilities that help drive more informed long-range planning and decisions:
- Dynamic rolling input columns for the 5 years following the current year
- Actual history columns with YTD data and current year annualized
- Current year budget and forecast read-only columns
A Brief Description of the 5 Year P&L Forecast Template Forecast Input Forms like the one seen in the image above are interactive and parameter driven and typically contain sections with historical actual data and data entry input cells. One of the important features that aid the user in the analysis process is the ability for the user to see historical actual data to maximize the accuracy of their five-year forecast inputs. 5 Year P&L Forecasts Input Forms are often used in conjunction with multi-year forecast reports and dashboards, and annual budgets.
Data Integration to Transaction Systems Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed extended financial planning and analysis (xFP&A) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc. Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to xFP&A and BI tools that are fully automated and flexible to run on a schedule or on-demand.
This Solver planning template connects directly to your ERP data via the Solver Data Warehouse, enabling near real-time analysis with minimal setup. Designed for QuickStart deployment, it can be activated rapidly so your team can focus on analysis and decisions — not data preparation.
What is the P&L 5 Year Forecast in Solver? The P&L 5 Year Forecast is a pre-built xFP&A planning template in Solver that allows finance and business teams to submit planning data directly in Solver, with automatic roll-up to consolidated budget and forecast models.
Who uses this Solver planning template? Cfos, fp&a managers, and budget owners rely on this Solver planning template to streamline the budget and forecast submission process. It replaces disconnected spreadsheets with a single, controlled input point that feeds directly into consolidated models.
Where does the data come from? Data is sourced automatically from your ERP system through the Solver Data Warehouse, which integrates with platforms such as Microsoft Dynamics 365 Business Central, Dynamics 365 Finance, Acumatica, Sage Intacct, and other leading ERP solutions. Once connected, the template updates in near real-time with no manual data entry required.