Financial forecasting is an essential tool for business success and prosperity.
What Is Financial Forecasting?
Financial forecasting is the process of estimating how profitable a business will perform in the future. When constructed properly, financial forecasts can serve as tools for:
- Securing financing for a new business
- Obtaining additional financing for new growth opportunities of an established business
- Measuring success by comparing actual results to anticipated goals
What is the Use of Financial Forecasts?
We understand the many uses of financial forecasts and the importance they have for your operations and business goals. When a financial forecast is determined, it makes it easier to create a financial model. Financial models use the information gathered in a financial forecast and builds a predictive model that helps guide a company’s decisions throughout the year.
We will help you meet your objectives, advise you on the reasonableness of critical assumptions, and ensure the proper presentation of the financial forecasts.