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Rolling Forecast
Setting financial targets, aligning incentives, developing action plans, allocating resources, coordinating across all financial functions, and monitoring / controlling finances are a constant objective for organizations that want to remain profitable and continue to grow.
Take the guesswork out of forecasting with Niteo's SmartPredict Rolling Forecast solution and IBM Cognos TM1 software.
Improve financial forecasting capabilities and overcome the problem of outdated financial results
Companies spend an average cycle time of four months to develop budgets and thousands of person-days of effort. Spreadsheets are the most common tool. Although spreadsheets are very valuable, they can't aggregate date from disparate sources and are designed for individual use. Spreadsheet employ inconsistent rules / calculations / roll-ups, have data volume limitations and no minimal audit / security trails. Most importantly the budgets soon become outdated once actuals come in and don't facilitate what if scenario or predictive modeling.
Niteo's SmartPredict - Rolling Forecast solution, together with IBM Cognos TM1, solves these problems and delivers high-impact visualization of your financial data including detailed drill-down reports. So you can be sure your decisions are based upon trusted information. Get a Jump Start on your Rolling Forecast -in 90 days or less.
By leveraging industry-ready templates and a proven methodology, IBM and Niteo can jump start your own SmartPredict - Rolling Forecast solution to have you up and running within 90 days from requirements to installation. That means everything you need, including security and access levels, for a fully functional Rolling Forecast within your organization.
Niteo has worked with clients in a variety of commercial industries to create a set of "Jump Start" templates to accelerate time to value with Financial Performance Management solutions including:
- Insurance and Financial Services
- Life Sciences
- Healthcare
- Manufacturing
- Retail
- Media and Communications
- Education
Performance and Partners You Can Trust
Using the SmartPredict - Rolling Forecast solution, organizations can analyze their budget, forecast, plan activities from multiple perspectives and leverage available applications to implement driver based rolling forecasts. The solution combines full OLAP and dashboarding capability with "what-if" predictive scenarios modeling. Using trusted data your organization will be able to compare actuals with budgetary data, identify scenarios to achieve desired results and meet important SOX Compliance requirements.
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