A robust forecast model can provide valuable information to a business to allow it to make essential decisions and therefore shape its future. There are many benefits to having a robust forecast including the following.
Better financial planning
A robust forecast can ensure you have enough cash and headroom to pay creditors and optimise the use of funds. It can help establish financial needs and allow for better utilisation of resources.
Measure performance
Comparing actual performance against a forecast, acts as a solid a key performance indicator and can encourage improvement. A robust forecast will facilitate management to make the right decisions to support business development
At Pageline, we can develop a unique bespoke and robust forecast to support your business. In our initial consultation, we will work with you to sink our teeth into your business and establish a granular understanding of your financial mechanics.
We will then develop a robust model which includes an arsenal of tools available in Microsoft excel including, pivot tables, graphs, macros, forms, lists etc. We will develop control accounts unique to your business and use assumptions agreed with you to develop a forecast model which may include a consolidated P&L, balance sheet and cashflow to your desired format. We will also use tools throughout the spreadsheet to enhance the integrity of the model.