![]() ![]() ERP platforms are the most expensive of the lot but also the most flexible in how they can be deployed and used. It’s useful for HR and executive teams to ensure their workforce can keep up with forecasted sales.Įnterprise resource planning (ERP) software offers a versatile feature set to centralize most or all of your operating and planning efforts. Sales forecasting tools are helpful in giving sales teams more accurate targets while also helping supply chain and production managers plan inventory levels and production targets accordingly.ĭemand forecasting software focuses on the demand side of the equation, helping businesses optimize inventory levels, plan for shifts in seasonal demand, and track consumer trends and buyer behavior.Ĭapacity and workforce forecasting software focuses on labor, production capacity, and workflow planning while integrating projected demand and sales data. Sales forecasting software focuses on the sales side of things and typically has more features for analyzing the effects of different marketing strategies (discounts, bundling, etc.). Basic features in this realm may be included in accounting platforms, but many organizations could benefit from dedicated financial forecasting software. The primary categories are outlined below.īudgeting and forecasting software focuses on financial details, covering revenue estimates, operating expense planning, and financial budgeting. ![]() What are the Different Types of Forecasting Software?įorecasting software can take a few different forms. I’ll break down the differences between these types of software below. Some are simpler platforms intended for a single purpose, while others are more versatile ERP platforms that centralize a company’s entire operations. The best forecasting software combines a diverse feature set with an intuitive interface that’s easy to integrate with other business software.īecause forecasting software is a broad category, I’ve included a few different types of software on this list. SAP Analytics Cloud - Best for business intelligence toolsįorecasting software options help teams create financial projections, which can inform everything from production scheduling to budgeting to fundraising efforts.LiveFlow - Best spreadsheet-native forecasting tool.Mosaic Tech - Best for real-time data integration.Zoho Finance Plus - Best financial software suite with forecasting.Workday Adaptive Planning - Best for advanced forecasting features.Anaplan - Best CPM software with forecasting.Salesforce Sales Cloud - Best for sales forecasting.Here is my list of the best financial forecasting software: Best Forecasting Software Providers Shortlist
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