forecasting

PREPARE FOR FUTURE PANDEMICS AND ECONOMIC INSTABILITY

Since early 2020, the world has been forced to adapt quickly to unprecedented circumstances presented by the COVID-19 pandemic. Organizations have been at the forefront of the crisis dealing with a plethora of issues. These include unanticipated costs incurred from the pandemic response, double-digit declines in tax revenue, consequences of eliminating or reducing services to citizens, and delaying critical infrastructure projects, drastically impacting the communities they serve.

Before the pandemic, most organizations already knew they needed to improve their planning and forecasting capabilities. The economic fallout created by pandemic and other world events has shown an even greater need for agility in continuous forecasting, long-term planning, and scenario modeling.

INFUSE FORECASTING AND PREDICTIVE ANALYTICS INTO DECISION-MAKING

Neubrain Forecasting solution automates current year projections and long-term forecasting activities. It's possible to configure unique forecasting methods per each account type, group, fund/fund balance, cost center, etc. Some accounts type, like personnel pay, may be calculated using pertinent drivers for future years, others - taking a burn rate plus escalators, and many others.

Our solution allows for multi-year planning and multiple versions saving within each planning and forecast cycle. It includes features and functionality to configure specific scenarios related to drivers or assumptions in the past and how they would have affected the future ("look back" scenarios). Additionally, our solution can seamlessly integrate advanced statistical and predictive functions, making it easier than ever to quickly gain insight into potential future challenges with revenue and expense imbalances so that corrective actions can be taken early on to maintain financial stability.