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P&L – Forecast Template
Web-based P&L Forecast Forms to Streamline the Forecasting Process
How can Forecast Input Forms Drive Faster and Better Decisions?
As Budget Managers increasingly become key advisors in the Forecast Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Forecast Input Templates like the P&L Forecast Input Form shown below enables them and users from the finance and leadership teams to experience near real time forecasting that help drive faster and better decisions.
Who uses P&L Forecast Input Forms 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 department heads with timely and concise Forecasts. Companies use key features like the ones below to support their users with effective analysis that helps drive faster and more accurate financial planning:
- Automatic presentation of last year and current year-to-date actuals as part of input forms
- Easy web-based data entry (se green input cells in example)
- Immediate display of variances between current and last year budgets and option to add variance to current year actuals
How can Automated Forecast Input Forms Drive Faster and Better Decisions? As Budget Managers increasingly become key advisors in the Forecasting Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Forecast Input Forms like the Profit & Loss Forecast Template shown below enables them and users from the leadership teams to experience near real time forecasts and estimates that help drive faster and better decisions.
Who uses Profit & Loss Forecast Templates 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 department managers with timely and concise Forecasts. Companies use key features like the ones below to support their users with effective analysis that helps drive faster and better decisions:
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 Corporate Performance Management (CPM) 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 CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand.
Additional Resources to Aid with Research of Templates, CPM and BI Tools
Who uses Profit & Loss Forecast Templates 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 department managers with timely and concise Forecasts. Companies use key features like the ones below to support their users with effective analysis that helps drive faster and better decisions:
- Automatic annualization of the current year actuals to provide guidelines for the forecast
- Easy comparison to the annual budget with variance analysis
- Option to reforecast every month or a few times a year and store each version to a separate forecast
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 Corporate Performance Management (CPM) 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 CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand.
Additional Resources to Aid with Research of Templates, CPM and BI Tools
- Templates from Solver that are pre-built and that work out-of-the-box using the Solver CPM cloud. Click here.
- Template examples: You find more than 500 CPM and BI Template examples here.
- Interactive Dashboard examples: Try Power BI dashboard templates from Solver here.
- Software evaluation and selection:
- Vendor Comparison and ROI (free interactive tool)
- Evaluating planning, budgeting and forecasting functionality
- Evaluating Financial Reporting functionality
- Evaluating Dashboard functionality
- Evaluating Data Warehouse functionality to achieve “one version of the truth”
- Demonstrations and other specific assets: Solver Tour Central
- Using third party analysts and consultants to aid in vendor selection
- Creating efficient processes:
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