Budgets & Forecasts

In this session, learn how to:

• Set up a new profit & loss (P&L) budget
• Easily collaborate with team members using budget workflows and get stakeholder buy-in letting them refine numbers
• Utilize spread, comparison + seasonality functionality to speed-up your budgeting process
• Leverage your Phocas Analytics data using quantity and cost to drive the sales and profit in your financial budget

In this session, we’ll cover how to:

• Plan all staff related costs securely - ensuring the right people have access to relevant information
• Easily add additional working and sum lines
• Create assumptions tabs to help with scenario planning
• Finalise and publish your budgets

In this session, learn how to:

• Introduce your balance sheet to your profit & loss (P&L) budget and forecasts
• Use mini drivers (e.g. debtor days, credit days, or stock) to easily connect your P&L to your balance sheet
• Get a handle on your cash by identifying how movements impact your budgets and forecasts
• Scenario plan debtor days to see the effects on your 3-way budgets

In this session, learn how to:

• Create your sales budget by rep, product and customer
• Enable your sales team to take charge of their budget, empowering them to drive results
• Model different scenarios to help with future planning (i.e. changing market conditions like inflation and price increases)

In this session, learn how to:

• Create any combination of actuals + forecasts (e.g. 8+4)
• Implement rolling forecasts to keep your budget up to date
• Use live actuals to guide more accurate reforecasts or align the forecast to budget
• Publish and compare actuals to budgets and to forecasts

In this session, learn how to:

• Use your sales budget to see where low stocks occur
• Calculate what effects lead time may have on your purchase decisions
• Track your purchase plan against actuals
• Connect sales forecast, purchasing database + finance for accurate demand planning