Chances are, your company’s forecasts could be far more accurate and valuable than the ones you rely on today. Companies that depend on standard spreadsheet-based solutions often have to work long and hard to generate even general forecasts based on incomplete data. A major technology research company reports that about 66% of companies make forecasts that don’t even account for deferred revenue and upcoming renewal business. And without access to robust, complete, up-to-date data, you produce a forecast that can not only damage your ability to reliably predict revenue flow, but also lose the ability to react swiftly to changes that affect your business.
Intacct Revenue Management does more than automate and streamline ways to cope with compliance and operations. Intacct allows you to quickly access real-time data through dashboards and easy-to-generate reports. Intacct presents you with a full and accurate account of current and future revenues, projected renewals and total deferred revenue today and in the coming weeks, months, or even years. You can review current and forecast revenue graphically, and then drill down into the data that feeds that graphic – from summary and trend reports to transaction details. This provides you with a better understanding of how decisions you make today will impact your business in the future. With that insight into your operation and finances, you can analyze what changes to your costs, prices, products, contracts, or other factors will have immediately and over time. And with this kind of enhanced ability to forecast, you can more nimbly and effectively respond to emerging conditions, changes, challenges, and opportunities.