Financial Forecasting

Challenge

  • Quarterly forecasting can be late as numerous divisions  fail to submit their financial data on time leading to time overruns and stale data.
  • Global financial data restrictions limit movement and sharing of some sensitive data prior to reporting periods.
  • Delays in forecasts (and close) delay strategic decisions despite rapid changes in operating environments.

Solution

  • Devron deployed on data within different divisions to gain global insights without requiring data duplication or requiring divisional input for analysis.
  • Keeping data local across international divisions reduced the cost of centralization and concerns around data compliance.
  • Forecasting time can decrease by as much as 45%, enabling organizations to respond to financial trends before, rather than after, competitors.
Financial Forecasting
Financial Forecasting
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