Forecast & Budgeting
A complete datawarehouse with all your historical data is a wonderful thing to have, but wouldn’t it be great if you can compare your actual and historical data, with your forecasts and budgets, at any moment?
For our customers it is essential to know their performance against forecasts or budgets at any moment and with perfect accuracy. This meant no conversions from some external applications, as that implicitly means noise due to different definitions and would not be real time. The Cohelion Dataplatform allows you to set (Rolling) Forecasts, Annual Budgets and Targets on any KPI.
User-friendly and familiar interface
Fully integrated in the Cohelion Dataplatform, so no learning curve and no new application to learn and maintain.
Advanced workflows
Budgets and (rolling) Forecasts are not easy to correctly produce. The Cohelion Dataplatform supports standard workflows that support this repetitive task. Monthly forecast rounds can be assigned for specific topics to pre-determined user roles. Invitations, reminders and escalations processes can be maintained from within the applications. The approval features lock any forecast or budget round.
Real-time comparisons
By having the Forecast and Actual data in one platform, both scenarios’ will use the same (customer-, product-, currency-, etc.) definitions. This means no conversions necessary to do comparisons, which can therefore be done at any moment at any place.
Machine learning predictions
For some KPI’s we can pre-fill the monthly forecast with data that is created using advanced Machine Learning algorithms. By scanning historical data for trends, a pretty good estimate of the future can be made. Left for your staff to do is confirm the prediction or adjust it for changes that could not be derived from history (like newly won contracts).
