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Forecast Plus – Forecasting for data-based business steering

Intelligent forecasting

Take your business steering to a whole new level with artificial intelligence

In corporate steering, the focus lies on the future. The increasing dynamics of the markets make it difficult for many companies to predict developments and generate a precise forecast.

What does this mean for financial planning?
Thus far, financial planning has been built up in a lengthy process using individual simulation models and the specialised knowledge of individual employees. This leaves many CFOs/CEOs with the feeling that they have not taken all the information into account or have no objective basis for decision-making – to the detriment of strategic corporate planning.

What does this mean for sales volume steering?
Demand planning is also a major challenge for many companies. Demand fluctuates, supply bottlenecks occur and material costs continue to rise due to inflation. Steering is becoming more and more complex and manual forecasting is no longer able to cope with increasing market demands. Innovative approaches are needed to perform product segmentation and identify the products that will generate the highest sales in the coming months.

Whether sales volume, personnel planning, turnover, costs or liquidity – steering works best when human competence acts in perfect interaction with artificial intelligence – as with Forecast Plus.

The solution: Our software for your automated financial planning

Forecast Plus from PwC is the ideal tool for your AI-based forecasting along the entire value chain. No matter whether you want to use it to forecast your key financial figures, production quantities or personnel requirements. Our tool offers you a fact-based, objective and efficient foundation for decision-making and corporate steering. The software analyses large amounts of data and shows you market changes at an early stage. Precise AI-based financial forecasts minimise unexpected deviations, ensure greater certainty for corporate decisions and free up resources.

Our forecasting software digitises your forecasting and planning process, making forecasts possible "at the touch of a button". Your team concentrates on generating valuable insights as a business partner. Forecast Plus provides you with steering-relevant information such as identified business drivers and their respective relevance. With these, concrete simulation calculations can be built within the forecast horizon and used for decision-making or planning – a valuable advantage for your integrated financial planning.

The benefits of a forecasting tool like our AI-based software Forecast Plus

trending_upAccurate predictions

Accurate forecasting of financial key figures enables corporate steering to be carried out with greater certainty.

assignmentObjectivity

By combining machine learning and AI, insights are generated without bias.

alarm_onQuick results

Gained insights can be immediately deployed to support corporate steering

historySteering-relevant results

Identified drivers provide strategic input to business development and enable data-driven conclusions and simulations

 

More infos

Insight into our forecasting tool

Next level of financial planning and analysis

What does the deployment of Forecast Plus look like?

01

Pilot project

  • Experience the possibilities of AI-based forecasts in comparison to manual planning and let us convince you of our forecast accuracy
  • Discover which external drivers are relevant for your company
  • Benefit from our experience and gain confidence in forecasting and data-driven planning
  • To do this, we jointly identify internal and external data sources, adapt the Forecast Plus software to your needs, and optimize based on the initial results.
02

Roll out & onboarding

  • With us, extend the results validated in the pilot to all relevant predictive dimensions (e.g. to other regions, business units, etc.).
  • Customise our forecasting software with us to meet your specific business requirements and get, for example, a financial forecasting software tailored to your needs
  • Learn how to work with the forecasts and information provided and how to profitably integrate them into the planning process
03

Forecast as a Service

  • Use our service and receive your monthly forecasts, integrated into your processes and supervised by our experts
  • Benefit from our well-rehearsed approach: from data upload and result provision to joint training and workshops to continuously improve the implemented predictions
  • Save time and costs, which you can use for defining resulting measures and corporate steering in a value-enhancing way

Pricing

The prices depend on the respective revenue size of your company.

All packages require an initial pilot project with subsequent roll out and onboarding. The pilot project is available from € 20,000, the roll out and onboarding is priced individually according to scope. Please feel free to contact us.

The price includes quarterly "Insights Sessions" with our experts for continuous analysis and improvement of the generated forecasts and insights as well as annual "Upskilling Sessions" on methodology and current trends in the field of time series forecasting.

Client size S
€ 1,995per month

Client size:
less than € 300 m. revenue per year

Client size M
€ 3,195per month

Client size:
between € 300 m. and € 1bn. revenue per year

Client size L
€ 10,495per month

Client size:
more than € 1 bn. revenue per year

Find out more about our efficient financial forecasting

Please enter your business e-mail address if you would like to receive more information, an offer, or a demo of this product. We will get back to you as soon as possible.

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FAQ

How can I use Business Forecasting and Decision Intelligence in my company?

Use Decision Intelligence to effectively control complex decision-making processes in your company and to make the right decision for your business at all times. Learn how to utilise your data strategically and sustainably for business forecasting and use it in data-driven decision-making processes. Get a head start on the most important transformation strategy for innovation in the age of AI.

What are the core elements of data-driven business steering?

The future-oriented and data-driven steering of companies succeeds on the basis of efficient planning. This is where strategic decisions are made, sales targets are set and optimal resource allocations and incentives are derived. The planning is the starting point for controlling during the year against the defined budget. Based on this, rolling forecasts are used to check the performance of the steering-relevant KPIs at regular intervals and to make management decisions for their optimisation at an early stage. New methods from the field of advanced analytics, such as machine learning and artificial intelligence, are efficient tools in this regard and help to provide humans with an objective basis for decision-making and insights from the available data.

What is a rolling forecast? Does Forecast Plus support me in carrying out a rolling forecast?

The rolling forecast is carried out at regular intervals, e.g. monthly or quarterly, on an ongoing basis and is therefore not bound to the (regulatory) time frames of the financial years. For the rolling forecast, primarily key figures with a high steering relevance are considered. The aim of this method is to identify deviations from the plan at an early stage, even during the year, and to be able to react to them dynamically. Forecast Plus optimally supports the rolling forecast process by efficiently providing the forecasts in the required cycle (monthly or quarterly). Additionally generated steering-relevant information, such as identified drivers, provide strategic input for business development and allow more time for value-added use of the results: Making analyses and observations, forming hypotheses based on them and drawing conclusions based on the combined data.

How can Forecast Plus support integrated financial planning?

Successful and sustainable support of the steering processes requires two essential prerequisites: Planning must take into account the complex interactions of the value chain and at the same time minimise the effort required to map the planning processes. These two aspects are taken into account by the integrated planning approach, whereby several dimensions of integration need to be considered:

  • Methodological integration for the combined use of manual planning, statistical approaches ("predictive planning") and simulation possibilities.
  • Process integration of strategic planning, operational sub-planning and - financial planning (consisting of P&L, balance sheet, cash flow statement)
  • Integration of planning horizons, from long-term to medium-term, budget planning and short-term forecasts
  • Functional integration across the different business units (sales, production, etc.)
  • Technical integration across the processes as well as data integration with regard to both master and transaction data
How can Forecast Plus facilitate demand forecasting?

Forecast Plus enables you to forecast future demand and upcoming fluctuations along the supply chain. You get a predictive analysis to study demand patterns. This gives you the following benefits:

  • Simplified decision making (for example, on topics such as: pricing, staffing, production, marketing spend).
  • Improved service levels and increased turnover
  • Maximise customer satisfaction by improving production lead time
  • Avoid excess inventory and reduce inventory costs
How can Forecast Plus support Workforce Forecasting?

Forecast Plus enables you to optimise your workforce planning to ensure you have the right number of people at the right time.

How can Forecast Plus support cash flow forecasting?

The current market environment is changing dramatically. High inflation, high interest rates and fluctuations along supply chains have a major impact on liquidity needs and therefore on cash flow planning and forecasting. With Forecast Plus, you can identify and analyse all factors that influence cash flow to determine patterns and trends for cash flow. This allows you to anticipate potential liquidity gaps, better plan borrowing, avoid payment defaults, use cash surpluses efficiently, or generally optimise cash flow management.

How can Forecast Plus serve as an early warning system?

With Forecast Plus you can identify early indicators for your business to predict changes at an early stage. This enables you to react to opportunities and risks at an early stage and to take appropriate measures.

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