Financial Planning & Forecasting
Discover how Financial Planning & Forecasting helps you smartly anticipate what's to come. This page explains why this is crucial and the best tools to use.
What is Financial Planning & Forecasting?
Financial Planning & Forecasting goes beyond just listing numbers. It's about making thoughtful plans and forecasts for your company's financial future. Think budgets, forecasts and cash flow statements.
Why is Financial Planning & Forecasting important?
A solid financial plan and sharp forecasts are the foundation for your business strategy and decision-making. Financial Planning & Forecasting allows you to proactively respond to market changes, identify opportunities and manage risks. In short, it is the building block for a sustainable future.
What technology do you need?
For effective Financial Planning & Forecasting, you need powerful tools. These help you model scenarios, analyze data and generate clear reports. Some go-to technologies are:
- CCH Tagetik
- OneStream
- Oracle
- SAP Finance Cloud
- Jedox
- Anaplan
- Pigment
- Vena Solutions
- Board
Financial Planning & Forecasting in a broader perspective
Financial Planning & Forecasting is one of the many aspects within Business Planning & Analytics. Other key topics include Management Reporting & Analytics, Integrated Business Planning and Costing & Profitability. Together, they give you a complete picture of the tools and strategies modern businesses need to successfully navigate.
