Cloud Forecaster
Agile Financial Forecasting
One Single Version of the Truth
Forecasting, especially within group companies, often consists of several stand alone, hand-crafted spreadsheets containing multiple tabs, with complex custom business logic and formulae. Limited integration between ERPs, management packs and the underlying forecast model require carefully prepared templates, linked workbooks or copying and pasting data to present the latest accurate consolidated forecast. The complexity of this process is exacerbated by the current volatile and changing financial climate and the need to prepare multiple scenarios for both internal and external stakeholders.
Cloud Forecaster
Cloud Forecaster is an integrated module within Cloud CFO, a cloud based solution for group accounting with a familiar Excel interface. Cloud Forecaster links the management account's closing values into the future for any user defined set of periods e.g. 3 months or 5 years. The link to the source accounts production system means an unbroken chain exists: forecasts are always up to date and generated in real-time with no risk of data corruption from a standalone spreadsheet. Alongside the actual forecast; rules, drivers and adjustments are also synchronised to the cloud database, allowing for forecasts to be recreated in seconds with your existing logic, meaning no time or effort is wasted reconstituting old spreadsheets.
Management Accounts
Tell The Reader More
Management Accounts seamlessly unifies all of your group's accounting packages, producing validated consolidated financial statements within seconds.
Learn more
Clearview Risk & KPI
Tell The Reader More
Clearview is a product containing principal pre-integrated modules solving specific business problems in the management of Risk and KPIs.
Learn more
Financial Risk Management
Tell The Reader More
FRM offers a single version of the truth that unifies Financial and non-Financial data with a contextually intuitive drill down by any time period or dimension.
Learn more
Cloud Forecaster
Download solution overview
Integrate actuals and forecasts
Forecaster is accessed through the Forecast option in your Cloud CFO ribbon
Data is mapped, and reports are defined and populated with your current actuals, which means there is no need to prepare, import, or copy and paste data
The single version of the truth presented to Cloud Forecaster removes the requirement for any manual manipulation or rolling forward each month
Define rules and parameters
Each line within your reports is associated with a pre-defined or custom formula and a parameter using a simple drop down menu
Parameters can be varied over time to account for seasonality or anticipated changes in targets and conditions
Global constants are available to store values that are applicable to multiple lines or scenarios
Manual adjustments can be applied to any lines for known receipts, payments or contingencies
Forecast multiple periods and scenarios
Forecasts are produced for any arbitrary length of time, from months to years in the future
Different drivers and parameters can be assigned for sensitivity analysis and to create scenarios
Reports are interlinked and include Profit & Loss, Balance sheet and Cash Flow
Sync both data and logic
Your forecast data is validated and synced to the cloud and immediately available to any of your team for viewing, editing, consolidating or producing dashboards with tools like Power BI
In addition, the drivers, parameters and adjustments are also synced to the cloud, allowing reforecasts and multiple scenarios to be recreated with just a few clicks, built with the same validated underlying logic and structure
Cloud Forecaster
Video walkthrough
00:03 Logging in, receiving and creating a forecast
00:40 Defining constants, rules and drivers
01:50 Fine tuning drivers and manually adjusting lines
02:19 Saving scenarios and syncing data and logic
02:42 Recreating and reloading saved forecasts
03:27 Analysing and reviewing forecasts
04:13 Exporting and archiving scenarios
Talk to a product expert
What our customers say
“Having made a couple of acquisitions this year, the benefits of having a product like Cloud CFO have been made very clear. We haven’t had to face the challenge of bolting more spreadsheets on and we can be confident that we have the checks and balances in place to tell us what is and isn’t working. With Cloud CFO now capturing information on a monthly basis, the product has given us the ability for more enhanced reporting.”
Nick Ogden, FCA, Group Financial Director, Norman Hay PLC
“With Cloud CFO supporting us, we know that everything in the system will have been checked and that the figures are 100 per cent correct.”
Tomas Berntsson, CEO
“In selecting Cloud CFO, we have rolled all our month end processes into a single, competitively priced system that will improve efficiency as well as provide us with the necessary time and capability to analyse the numbers in detail.”