Revenue Forecasting – An Overview

The Forecasting process, a part of the Management Accounting business process chain enables you to forecast the revenues/costs for a cost element, for a specified future period. The information created by this process, helps to gauge the monetary condition of the organization in the future.

The features of the Financial Forecasting component allow you to,

4 Define forecast logic

4 Compute projected revenues/cost using forecast logic

4 Generate graphs with projected, actual and budget revenues/costs

4 Export projected figures to Excel sheet

4 Upload projected figures to budget

The system provides pre-defined forecasting logic based on labour cost, labour revenue and payroll cost to arrive at the projected revenues/costs. In addition to this, a provision exists for the users to define the forecast logic for determining the projected figures.

Getting familiar with the activities