THE CFO EDGE: Forecasting Software Gives Companies a Confidence Boost

July 29, 2010

by Jack Sweeney

Although a majority of companies still use spreadsheets for forecasting, they are less confident in their cash flow forecasts than those who use more advanced software packages, a Business Finance poll found.

Getting an Edge with Forecasting Software | Source: The Big Fat Finance Blog.

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Forecasting software

Forecasting software requires an assessment of the functionality and its value to the planning process. It also requires an understanding of the efficiency, accuracy, and relevance of the data that is provided, since that data is key to the effectiveness of the software.