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OLAP Forecasting

With PowerOLAP®, there is no need to wait until close-of-month (or any other time) to create Forecasts. You can now forecast based on today's figures. Don't rely on dead, historical data-use up-to-the-instant Actuals reflective of current business conditions and your own insightful formulas to project how your business will perform in the coming weeks and months.

Once a budget has been established (see Budgeting), the next objective is to realize or exceed budgeted results. Forecasts are valuable tools that alert you when results are not on track with the budget. In addition to reporting Actual vs. Budget variances (easily accomplished in PowerOLAP), organizations typically review forecasted results for the remainder of the year.

Forecasts so painless you will actually get them when you want them

 

Forecasts are designed to reflect changing circumstances in the business environment: competitor initiatives, weather variations, level of the economy, etc. You set the formulas; then PowerOLAP automatically applies them across all areas for instant, efficient forecasts.

 

PowerOLAP Model incorporating Variances and Latest Forecast

Key benefits of forecasting using PowerOLAP:

• Timeliness
  If it takes days or weeks to create forecasts, the opportunity to analyse the near-term business scenario will be lost.
• Immediate data for Actuals
  Dynamically retrieved from transactional systems-which in turn serve as the basis for Forecast figures. This means an end to waiting for end-of-the-month, batched reports, as well as an end to redundant re-keying to prepare Actuals, Budget and Forecast data in composite reports.
• Universal formula application
  You decided the percentages, weighting and other metrics that affect your revised forecast figures. PowerOLAP applies them across all areas, regions, products, etc. for fully automated calculations.
• Use Excel
  Users work within a familiar Excel environment. No lengthy classes to attend or programs to decipher. Just use Excel spreadsheets but with automatically-provided data and the power of combining hundreds of spreadsheets into one using PowerOLAP.
• Share instantly throughout the enterprise
  Whether on the LAN or accessing forecast cubes remotely, PowerOLAP provides instant access and the certainty of working from the exact same version of the information.

Actuals provided dynamically from underlying systems.

Forecast data can be entered in PowerOLAP; or directly into the spreadsheet; or through a utility, which will allow you to alter absolute amounts or make calculated changes. With a touch of the F9 key, all figures are updated in PowerOLAP and dynamically available in your current spreadsheet.

Budget figures provided instantly from PowerOLAP source.

Forecasting could be painful, but not any more. Please see how PowerOLAP can also positively impact budgeting, analysis and reporting within your entire enterprise.