All businesses face risk. The goal of the forecasting team is to provide insights to business stakeholders on the impact of potential risks in order for them to better navigate their business.
Insights into the forecast assumptions that drive risk—the impact to business results and potential estimates on the probability of those risks—are critical for decision makers to understand in order to incorporate them into their strategies and investments.
The discipline of risk management is one of the areas that seems to suffer most when issues of inefficiency impact the process. This is one of the last areas to invest in so when timing and resources are pressed, this often gets postponed or deprioritized.
Enterprise Forecast Process Improvement allows:
If you are interested in implementing FPI in your organization, contact us today to schedule a demo of i2e or visit our Demo Video Showroom.
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Eighty percent of the effort for successful deployment and ongoing use of typical forecasting, analytics, or business intelligence solutions is in data integration, preparation, and model management. For forecasters, planners, business analysts, and data scientists, this truism results in real negative impacts.
This IDC paper describes the enterprise forecasting solution requirements of mid to large organizations. It addresses typical process shortcomings and includes an in-depth analysis of a next generation platform that addresses these challenges