Forecasting software, also known as business forecasting software, can be used in multiple contexts. You may have heard the term when talking about the weather. In a company, business forecasting software is an essential part of the demand planning process. Demand planning is the act of planning for the upcoming demand facing a business. By forecasting demand, a company can know how much supply to buy. This prevents certain situations that can end up costing a lot of money. In the financial world, business forecasting software can double as business budgeting software to help a company prepare their budget ahead of time.
A company usually purchases business forecasting software from a third-party vendor, such as Avercast, that constantly works on developing forecasting algorithms to increase a forecast’s accuracy. The more accurate a forecast is, the better the company can have a more precise idea of what they will sell. Financial projection software is a type of business forecasting software that focuses more on finance instead of inventory.
Constant innovation in the forecasting software and demand planning space also drives the need for forecasting software vendors to adapt to change and listen to the demands of growing customers, outside a business, and even global competition. With the world becoming an increasingly large connected economy, companies like Avercast have continued to add new features to provide the best business forecasting software year after year so that their clients never end up outgrowing them.
An essential part of the business forecasting software module is sales forecasting. Sales forecasting software contains the process of running a forecast by putting your historical sales data into the system and having the system analyze the data against mathematical forecasting algorithms that search for trends to then create a projection. Accuracy is the most important part of sales forecasting software, and that is why the best sales forecasting software systems contain the most algorithms. Over the past few decades, Avercast has developed over 200+ sales forecasting software algorithms so that our customers can have confidence they are using the best sales forecasting software system. Want to test the accuracy? Give us a sample of your data from years ago and see how our forecast compares to your actual sales! The accurate results of our sales forecasting software may surprise you.
Creating the right budget is essential for the financial planning of your business. With Avercast’s budget forecasting software, you can predict the expected revenue your business will achieve in the future. Our finance forecast software makes it possible to determine how your business will perform during the period and create a target baseline to project business performance. Implementing our specially designed financial projections software will keep your business data organized and improve your financial performance management.
Whether you are using projections software for the first time, upgrading from your current solution to a more comprehensive suite, or switching from a competitor, we offer an easy-to-use, intuitive interface designed from a process of listening to actual demand planners and ascertaining what would work best for them. A variety of input has improved, and will continue to improve, our interface throughout the years.
During our years of business, we’ve seen many unique supply chain challenges. Every business is unique and therefore may need a unique solution to their demand forecasting process. We listen to the obstacle you give us, then work as a team to design a creative solution. We then use that solution to help other businesses having similar problems and naturally grow as a company.
We are here for you day and night. We have clients all throughout the world and therefore we make sure to provide personal support 24/7. Not only will you be able to receive support when you need it, but those providing support are the ones that developed the system themselves.
Your ROI will be substantial from the funds saved in proper inventory planning by preventing stock-outs and overstocks, but that’s not all. You will see a direct increase in employee productivity and free up your team to work on projects that used to only be an intangible dream. This will result in an increase of revenue streams and will likely affect every department positively
Keeping track of the demand for every single variation of every single product can be tricky. When taking into consideration every SKU, location, customer, warehouse, planner, sales region, groupings, total business, etc. your team can quickly become overwhelmed trying to keep things organized. Avercast lets you forecast demand at any level you want. Don’t just settle for SKUs, forecast everything from brands to suppliers.
• Simplistic Sales & Operations Planning Management
• Achieve Business Objectives
• Feature List Item Summaries
• Calculation of Safety Stock
• Supplier Management
• Significant Reduction of Lead Times
• Customization per Vendor
• Instantaneous Supplier Communication
• Summarizes Sales, Bookings, Inventory,
Production, Shipments, and Backlog for
high-level analysis
• Simplistic Sales & Operations Planning Management
• Achieve Business Objectives
• Feature List Item Summaries
• Calculation of Safety Stock
• Supplier Management
• Significant Reduction of Lead Times
• Customization per Vendor
• Instantaneous Supplier Communication
• Summarizes Sales, Bookings, Inventory,
Production, Shipments, and Backlog for
high-level analysis
• Simplistic Sales & Operations Planning Management
• Achieve Business Objectives
• Feature List Item Summaries
• Calculation of Safety Stock
• Supplier Management
• Significant Reduction of Lead Times
• Customization per Vendor
• Instantaneous Supplier Communication
• Summarizes Sales, Bookings, Inventory,
Production, Shipments, and Backlog for
high-level analysis