Cash is truly the life blood of a business. It can’t be allowed to run dry but can be very hard to forecast. Meet Forecast5 – the true Cashflow Forecasting companion for MYOB Exo and MYOB Advanced.
Most accounting systems provide budget tools, but they can’t anticipate all of the cash movements that will hit the bank account in the future. A cashflow forecast is a future commentary of the true cash position of the business. P&L budgets (while important) can’t tell you the company’s cash balances – now and over the months and years ahead. Yet this crucial metric is where the rubber meets the road.
To accurately project the company’s future bank account balance, cashflow forecasts must use intelligent analytics based on the actual results, comparative period analysis, moving ledger balances and much more. Most critically, the forecast must account for transactions that we know will happen, but that the accounting system is not privy to at time of forecasting.
Forecast5 does all of this and more. You’ll get a clear insight into your future cashflow, accompanied by very accurate views of P&L and Balance sheet forecasts, cash flow and fund flow reports. Forecast multiple bank accounts over multiple years. Consolidate multiple forecasts in different currencies for your branches, divisions, departments and subsidiaries. Perform sensitivity analysis and generate integrated reports quickly and easily.
Beyond cash, Forecast5 forecasts stock and capital expenditure. You model the entire operation and see what funds are available or needed. Rolling forecasts and actuals keep you focused on short and long-term future expectations.
Forecast5 is designed to save time and be easy to use, keeping you in business now and in the years ahead.