Why business advisors need to focus on forecasting:

Cashflow forecasting allows you to effortlessly change the focus of client conversations from the past to the present and future. Every company needs a budget, a forecast and monitoring of KPIs which alongside this information will give you the best window into the data of a companies financial health.

Get paid for your knowledge of data and income

Leading with your knowledge and data gives clients a lot of valuable information. When you’re helping a client to look backwards, you are very limited in the relationship you can foster. So, ask about their goals for the future and see what kind of investment decision you can come to.

Pair this with a simple forecast of their data, which looks at the information in performance and cashflow over the last 12 months. In Futrli, using data to create a forecast to visualise the last 12 months of income etc. takes less than a minute. This gives you a credible starting point to guide your conversation .

Increase accuracy of statements with non-financial data

Non-financial data is a crucial aspect of any business and it really paints a picture of prosperity when measured against an operational forecast statement.

Data show's CFOs making good use of their non-financial data are more than 1.7 times more likely to forecast earnings/income within plus or minus 5%. This level of accuracy has helped business owners across the globe get a handle on the health of their companies. Data showed that those surveyed were also 2.5 times more likely to successfully respond to market change, which is vital.

Increase a member of your firm’s agility

Our partners tell us that being more agile as a business is a top priority when getting their clients' attention. The ability to be flexible and change with the ever-evolving tech sector will give you an edge over your competitors, and be able to provide your clients with the best possible service.

A Win-Win for Everyone: Forecasting is a vital component of any business strategy, and it should be just as important to you too if you're running your own company. The forecast statements and data helps to prepare businesses for potential changes that could affect their income or success rates – which can help maximize sales revenue.

Agility married up with the right software gives you the best chance of a higher income or cashflow. Forecasting your clients’ data will allow them to see when their company cash peaks and troughs, meaning they’ll be able to reinvest the money at opportune times.

Joining this up with ‘what-if’ scenario planning is going to put them in a position to ride the waves of a company with multiple options to move forward confidently, and increase their income exponentially.

Specialise in making the uncertainty with cashflow, certain

Make forecasting your unique selling point. Of the business owners that approach us directly, data states that 97% come to us for forecasting and 80% are doing this themselves.

So many firms will offer a company help with audit, tax and compliance as a few examples but what about improving gross profit% or support controlling the cost of sales? Budgets, forecasts, KPIs and monitoring liabilities as a few examples allows you to make a difference today.