Forecasting Software is great benefit in that it gives you the opportunity as a management team to make sound and competent decision-making ability. In order to have decision making ability, you need clear and fast answers when it comes to reporting and analysis, planning, and measuring and monitoring—across your organization. This concept is in which Forecasting software can be a great benefit to the organization.
I choose to investigate and review the Centage Company. According to their website, “Centage Corporation is taking management and financial planning software to a new level, offering extremely powerful yet affordable solutions for businesses and public sector organizations of all sizes. They offer a complete set tools including, budgeting software, financial forecasting and financial reporting software ((http://www.centage.com/about/about-us.asp).
Thousands of licenses of our premier financial solution, Budget Maestro, have been sold worldwide, enabling managers at all levels to dramatically simplify their budgeting process and improve the accuracy and efficiency of their overall business planning process”
With in the Centage Corporation, I chose to look into their product called the Budget maestro. Centage claims it can do the following: which is why Budget Maestro developed a particularly Build a robust forecasting module, Forecast items, revenues, payroll, operating expenses and capital assets. They claim they can also trace the effect through your Income Statement, Balance Sheet and Cash Flow. By using Budget Maestro, you can compare your forecasted results to the any version, and analyze the data in real-time. By doing this, you can exploit potential problems fairly quickly. The company also claims that Budget Maestro can do the following:
• Forecast items by revenue, personnel, operating expenses, assets
• Forecast monthly/quarterly; multi-years
• Forecast up to 15 years (monthly)
• Forecast by cash or units