Background: 15 person software company focused on enterprise-sales Scenario: Currently looking to move from our excel-based financial model into a more modern framework. Our current Financial Model takes into account key-drivers such as Sales Contracts (e.g Total Value, Project Term, Invoice Frequency, Commission etc.), Human Resources, and Prepaid expenses; this setup has proven to be very successful in forecasting our PL, BS, and CF statements and has enabled us to operate effectively Question: Is there forecasting software that will take the inputs (e.g Sales Contract terms) and automatically forecast the PL, BS, and CF statements? All forecasting software that I see is essentially requires you to do these calculations yourself (generally outside the platform), and then input your calculations into the forecasting software. However, I feel like I am missing something here... Any help would be appreciated - thanks!
Any forecasting software take in inputs such as Sales Contract data?
Question: Is there forecasting software that will take the inputs (e.g Sales Contract terms) and automatically forecast the PL, BS, and CF statements?
Answer: yes, but you have to use the software tools to build your model. Then the "automation" can happen (or at least some automation).
So, what's your budget to license and pay for implementation (i.e. creating your tailored model and integrating it to your existing systems that house sales contracts, plus GL balances....)?
Then, define your key requirements in more detail than above. Include integration with CRM or ERP/Accounting software.
Then visit G2Crowd.com and search for reviews on products in this space. That should help you short list some vendors for your industry/size.
Hope that helps!