2023-10-31 21:55
Financial modeling is one of the most highly valued, but thinly understood, skills in financial analysis. The objective of financial modeling is to combine accounting, finance, and busi… Read More
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Financial Forecasting Blog
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Our forecasting blog seeks to provide unique perspectives on modern finance, reporting and function.
2023-10-03 12:21
Why did God create economists? To make weather forecasters look good. So the old joke goes. Or, as JK Galbraith, the famous American Keynesian, put it: “The only function of economic f… Read More
2022-11-28 23:21
Budgeting & Forecasting applications are often considered inflexible in comparison to Excel, which allows you to add or change formulae and layouts at will.
The inflexibility of Budge… Read More
2022-11-14 14:38
Whether it is panacea or not the answer depends upon your circumstances, your budget and the application you buy. For any small business, we don’t believe that an application will offe… Read More
2022-11-06 20:46
The Success of Powerful Non Financial KPIs is seen in the results of businesses that make better decisions about resource allocation.
Trends in non-financial KPIs can give valuable i… Read More
2022-11-01 12:15
One of the most difficult aspects of managing projects is integrating them into the company’s core budgets and forecasts. This is because projects are often seen as separate entities t… Read More
2022-10-27 10:56
Do you ever feel like your budget is a little “off?” That’s because it probably is. When you build formulas into your budgeting process, you’re relying on unproven fo… Read More
2022-10-20 23:26
To be successful it’s important to have accurate information about future demand for your products or services. That way, you can make informed decisions about production levels, inven… Read More
2022-10-13 15:43
These days, more and more businesses are turning to cloud-based budgeting and planning solutions. And it’s no wonder why: the cloud offers a number of advantages that traditional on-pr… Read More
2019-12-11 12:24
Top 5 faults in forecasting
Tops Down Sales Forecasting. This is
when, to achieve an artificially imposed revenue number on the business annual
sales targets are introduced into the forec… Read More
2019-10-30 12:41
Using
What-If scenario analysis to make smarter decisions
George W Bush won’t be remembered as one of the great US
presidents, however he was unjustly ridiculed for this very pertin… Read More
2019-10-11 13:03
Time needed to create a forecasting model
No matter how good you are at using Excel, it is going to
take a lot of time and effort to create a model that can be used to produce a
meaningfu… Read More
2019-10-11 13:03
Time needed to create a forecasting model
No matter how good you are at using Excel, it is going to
take a lot of time and effort to create a model that can be used to produce a
meaningfu… Read More
2019-10-09 13:51
The devil
is in the detail
Forecasts
and budgets are a normal part of managing any business and the Hospitality
industry is no different.
The
challenges the Hospitality industry faces… Read More
2019-10-04 12:55
The “Amazon effect” has already dramatically changed the
landscape of retail but the disruption goes much deeper than just the convenience
of 24/7 shopping and next day delivery… Read More
2019-09-26 10:12
Hubris and poor assumptions will do it every time.
Forecasts, in many cases are nothing more than an educated
guess, someone’s gut feel. Sales projections and margins used to calcul… Read More
2019-09-24 13:49
I must admit, personally, the thought of autonomous cars
driving themselves while we read books, watch Netfix or climb into the back
seat to do what should be done at home or in a secluded p… Read More
2019-09-24 13:47
In the
state-of-the-art Sunderland Software Centre, you will find ProForecast. Led by
Steven Katirai, the ideas behind the application, ProForecast have developed
the most powerful Financial… Read More
2019-07-16 12:55
Cash flow forecasting is often one of the most crucial tasks in financial planning and can help to ensure a stable business future, but there are some significant disadvantages of cash flow… Read More
2019-07-09 12:36
With big data, customer engagement, predictive analytics and business intelligence taking the spotlight in the news cycle, it can be very distracting to see what is really necessary to drive… Read More
2019-07-02 12:36
Running a business is hard, and business owners and stakeholders need to manage risk on a daily basis. But if you learn how to systematically manage risk and successfully implement the risk… Read More
2019-06-25 09:09
The difference between the budget and forecast is that budget lays out the plan for business goals, while the forecast predicts the expectations for results.
And understanding this differenc… Read More
2019-06-18 13:49
Everyone knows that sales forecasting is the backbone of every good business strategy and financial plan. It is even more important for a new or young business when creating your business pl… Read More
2019-06-11 15:08
Cash flow forecasting in excel is very popular amongst accountants today. As many bookkeepers and accountants are moving to the advisory business model cash flow modelling is becoming an int… Read More
2019-06-04 13:44
With so many accountants turning into advisories these days cash flow modelling is becoming ever more important. It is commonly used by advisors to recommend the best asset allocation for th… Read More
2019-05-23 10:43
It comes the time in every business financial year when organisations have to put their best foot forward (or not) and design their financial analysis report. The purpose of financial analys… Read More
2019-05-15 10:46
There are plenty of reasons why business valuation is important. The importance of business valuation is often described as required to obtain good insurance coverage, it’s necessary w… Read More
2019-05-08 15:43
Planning is very important to an organisation as it helps to pave the path for its goals. A good strategic plan will help a business to create a strategy that will enable them to start to pa… Read More
2019-04-30 13:42
At these uncertain times, financial planning is crucial to ensure business’ success, and every financial plan needs a sound budget. A business budget is a financial plan that considers… Read More
2019-04-25 15:03
Group accounts consolidation is a method of financial reporting where a group of organisations are treated as a single entity or it can be used as a formal process of legally combining the a… Read More
2019-04-18 12:30
Consolidation reporting combines the financial results of a number of business units to give a picture of the overall position of the organisation as a whole. It is important as it can provi… Read More
2019-04-16 10:30
Today’s international and multi-entity organisations are facing more challenges in financial accounting and reporting than ever. The current market environment has caused many companie… Read More
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