Financial forecasting and budgeting are business planning processes that are essential for the core operation of any organization.
Financial forecasting is an estimate of a future financial outcome for any kind of organization. All kinds of data come into play when creating a forecast, not the least of which are expected expenses and revenues.
Budgeting refers to creating a financial plan for a particular time period. Normally a budget will reflect the most up-to-date financial forecast to maximize the probability of financial success or at least the avoidance insolvency.
Financial forecasting and budgeting software from Host Analytics combines the best available tool set for unifying financial data on a platform for analytics that enables businesses to derive valuable insights. Host Analytics helps you execute critical financial forecasting and budgeting faster, drive more accountability for results across the organization, and take advantage of new perspectives to enhance future results. Want to learn more? Contact Host Analytics today or download our white paper.