Forecast 5

Forecast 5 is a budgeting and forecasting software solution designed to provide accurate and reliable financial statements for businesses. According to the vendor, it aims to eliminate errors and save time in the budgeting process, allowing users to focus on their core activities. The software is suitable for businesses of various sizes, from small to large organizations, and is used by professionals such as accountants, financial analysts, CFOs and finance managers, business consultants, and non-profit organizations.

Key Features

Consolidations: According to the vendor, Forecast 5 allows users to consolidate departmental budgets, perform intercompany eliminations, and generate comprehensive financial reports.

Integrations: Forecast 5 integrates with various financial software, including MYOB Advanced, MYOB AccountRight, MYOB Exo, Sage 50 Accounts, Sage 300, SAP B1, and Xero. The vendor claims that this integration enables users to import data from their financial software, reducing double handling and saving time.

One Touch Reporting: The vendor states that users can create customized and professional report packs with just a touch of a button using the One Touch Reporting feature. This feature is designed to save time and effort in generating client-ready reports.

Daily Cashflow: Forecast 5 provides a rolling day-by-day bank position projection based on the budget for 90 days. According to the vendor, this feature helps businesses understand their cashflow position and plan accordingly.

What If Scenarios: Users can perform "What If?" analyses to explore different potential business scenarios, according to the vendor. This feature aims to assist in planning and decision-making by providing insights into the impact of various scenarios on the budget.

Standard Reports: Forecast 5 offers standard financial reports, including Profit and Loss, Balance Sheet, Cashflow, and Funds Flow reports. These reports provide a comprehensive overview of the financial performance of the business, according to the vendor.

Export Forecast Data: Users can export forecast data from Forecast 5 into a formatted spreadsheet, which can be imported into their ERP or reporting system, according to the vendor. This feature simplifies data transfer and enhances workflow efficiency.

Cost Centre's: Forecast 5 simplifies budgeting for departments and cost centers by allowing users to allocate budgets and track their performance separately, according to the vendor. This feature aims to provide better control and analysis of departmental spending.

GL Code Tracking: According to the vendor, Forecast 5 allows users to track GL codes for each record, making it easier to correlate Forecast 5 records with the corresponding GL codes in the financial system. This feature enhances accuracy and streamlines financial management.

Multi-Currency: Forecast 5 supports multiple currencies, allowing businesses operating globally to enter foreign sales and costs in their respective currencies. The vendor claims that this feature ensures accurate cashflow projections and accounts for currency fluctuations.