Forecast & Budgeting
Encountering challenges with outdated assumptions impacting forecasting accuracy in your budgeting process? Cohelion’s Forecasting and Budgeting module uses advanced algorithms to analyze historical data, enabling accurate predictions and scenario planning. The user-friendly interface and customizable dashboards support informed, data-driven decisions, ensuring real-time accuracy without the need for external data conversion. Stay ahead with Cohelion’s streamlined future planning.
Machine learning algorithms enhance your forecasts based on historical data
Improve your forecasts
Easily make them with standard workflows
Improve resource allocation
Compare your performance at any time
Standardize company processes
Streamline forecasting for all departments
User-friendly and familiar interface
Fully integrated in the Cohelion Data Platform, the forecasting and budgeting module has no learning curve and no new application to learn and maintain.
Budgets and (rolling) forecasts are not easy to correctly produce. The Cohelion Data Platform uses standard workflows that support this repetitive task.
Monthly forecast rounds can be set to pre-determined user roles to send invitations, reminders, approvals, and escalation processes which can be maintained within the application.
By having the forecast and actual data in one platform, both scenarios can use the same (customer, product, currency, etc.) definitions. This means no conversions are necessary to do comparisons and can now be done at any time.
Machine learning predictions
For some KPI’s we can pre-fill the monthly forecast with data that is derived using advanced machine learning algorithms. Scanning historical data for trends can give you a solid estimate of the future.
All that is 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).