Best Software For Forecasting plays an important role in technology for sales teams and also business leaders. Many Companies use forecasting software to make a financial resources plan to support business activities to secure their business future.
Well, the forecasting software help to estimate the future revenues of multiple departments. Basically, businesses prefer the accuracy of forecasting software to provide real-time insights.
So they need to use the best software for forecasting but people are still confused about which is the best software for forecasting. Through this guide, you’ll learn about the best software with key features for forecasting your business.
1. Anaplan
Anaplan is one of the Best Software For Forecasting which allows users to make accurate, data-driven revenue predictions in real time. It can help you to improve decision-making throughout the organization. The users can forecast sales via geography, product line, and also account.
It can be done with any level of granularity. Plus, the user can also get a clearer picture of your sales product quality, and health and use Predictive Insights. This software can combine third-party data with historical sales patterns, like trends and seasonality.
These factors help make more accurate forecasts representing the current selling environment of the user’s business. Basically, this software can be the best choice for Enterprise sales teams. If you want to use this service then you have to purchase a plan.
Anaplan software offers three pricing plans Basic, Professional, and Enterprise. You can choose one of them according to your business requirements. Well, it has so many features, some of which are given below:
Key features:
- This software gives sales teams more accurate sales targets.
- It allows you to customize reports.
- This software also provides Version Control and also Real-Time Data Updates.
- This software also allows you to Internationalization, so that the users can view and transact business with the same content in multiple languages and currencies easily.
- It has a simple interface.
2. Streamline
As usual, Streamline is another best Software for forecasting. Well, it is designed for manufacturing, distribution, retail, e-commerce, brands, and 3PL. Streamline has so many partners worldwide and a lot of enterprise customers.
This software helps the user in manufacturers, retailers, and distributors double their profits in one year. Well, this Web-based forecast software is compatible with macOS or Windows, which has Cloud or On-premise Deployment options.
Using Excel spreadsheets with this software can be helpful in making planning more efficient. Well, if you want to use this software then you have to pay for it but it also provides a free version. Moreover, it comes with so many features such as:
Key features:
- It has an Easy setup and interface that is really easy to use.
- It allows you to use 99+% inventory availability.
- It provides high forecast accuracy using AI-based forecasting.
- It allows you to use a 98% reduction in stockouts.
- You can also use a 50% reduction in excess inventory and also 90% reduction for forecasting, planning, and ordering.
- It provides a free version to use.
- It also provides a smooth and fast implementation process for a better experience.
3. Vena
Vena is also one of the most popular and best software for forecasting. It is a Complete Planning software that helps users to empower their business and also finance. Vena comes with a flexible interface that is easy to use.
Well, vena is The Most Complete Excel-Based Budgeting and Forecasting Software that can be a better choice. This amazing software just brings all the stored data into a single source solution to ensure your numbers and spend less time consolidating on it.
The methodology of this software can powers your plans and also help you in the journey to growth. Moreover, this software has various templates for planning revenues and operating expenses.
It will also help you to manage the daily, weekly, monthly, and yearly processes with its workflow tools. Well, it has various features, some of which are given below:
Key features:
- It provides an amazing feature for Budget creation which includes Data Import, Budget Hierarchies, Versioning, Formulas, and Budget Periods.
- It provides workflow budget management.
- It also allows you customization, Integration APIs and Internationalization.
- It has a simple interface to use.
4. Jirav
Jirav is also the Best Software For Forecasting. Basically, it is the leading, all-in-one, and driver-based software that helps you to build your business perfectly. It also allows you to streamline budgeting, reporting, and dashboarding.
All these factors make it easy for businesses to work on 500 employees to plan. Basically, it helps you to secure the business future without manual reporting and unlock unlimited forecasting potential because modern finance just needs financial forecast software that must be intuitive, affordable, and easy to use.
So we can say that Jirav is the best choice for everyone. Moreover its integrations with popular apps such as Excel, NetSuite, Intact, and QuickBooks. So if you want to use this software then you can buy its pricing plan. Well, it has many features, and some of them are given below;
Key features:
- It gives you a free trial for practice.
- It has a simple interface that is really easy to use.
- It offers you analytics tools.
- The Budget Creation features include Data Import, Formulas, and Budget Periods.
- You can also import and export your data through this software.
- Data Visualization features Offers methods of visualizing data through customizable dashboards, statistical graphs, and charts.
5. Pigment
Last but not least, Pigment is also one of the best software for forecasting. This software integrates business planning platforms for organizations.
It also helps you to share numbers and spend less time data-crunching which can put a positive impact on your business. It also helps you to make decisions, for FP&A and DevOps teams. Well, it has too many features, some of which are given below:
Key features:
- The feature of Budget Creation includes Data Import, Budget Hierarchies, Versioning, Formulas, What-If, and also Budget Periods.
- Budget Management features allow you Consolidation, Adjustments, and Workflow.
- It also gives you a free trial.
- It has a simple and easy-to-use interface.
- The Reports interface for the standard is also intuitive and easy to use.
- This software gives you a variety of attractive graph and chart formats.
- The Dashboards allow design, refinement, and collaboration.
- It also provides you with Scorecards that visually track KPIs.
- It also allows you to Receive email reports and notifications regarding metrics.
- This software also has the ability to track historical data.
- It provides the Track metrics in real-time.
FAQs Of Best Software For Forecasting
What is the best software for forecasting?
The best software for forecasting depends on the specific needs and requirements of the user. However, some of the most popular software for forecasting include SAS Forecasting, IBM SPSS, Oracle Crystal Ball, Microsoft Excel, and Tableau.
What are the key features to look for in software for forecasting?
The key features to look for in software for forecasting include the ability to handle large datasets, the ability to analyze and visualize data, the ability to create forecasts and scenarios, the ability to integrate with other systems, and ease of use.
How does forecasting software work?
Forecasting software works by analyzing historical data to identify patterns and trends. It then uses statistical models to project those patterns and trends into the future. The software can also incorporate other factors, such as external economic indicators or industry trends, to improve the accuracy of the forecast.
Can forecasting software be used for different industries?
Yes, forecasting software can be used for different industries such as finance, healthcare, retail, and manufacturing. The software can be customized to meet the specific needs of each industry and can incorporate industry-specific variables and data sources.
What are the benefits of using forecasting software?
The benefits of using forecasting software include improved accuracy of forecasts, the ability to identify potential risks and opportunities, better resource allocation and planning, increased efficiency and productivity, and better decision-making based on data-driven insights.
Conclusion
It’s time to Say goodbye to spreadsheet errors and adopt robust financial planning, with the best software for forecasting. The use of the best software for forecasting is so useful in order enhancing the performance and competitive advantage of your business. Well, we have mentioned the best software for forecasting.
Each software has many features that can quickly fulfill your business requirement. Now you can choose one of them according to your wish. So that is all you need to know about the best software for forecasting. We hope this article will help you a lot!
