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Gain Accuracy in Financial Planning, Budgeting, and Forecasting

White Paper Published By: Epicor
Published:  Jan 09, 2018
Type:  White Paper
Length:  11 pages

Successful financial management really comes down to providing employees with the tools they need to make the most informed decisions at any given time. Accurate forecasts, budgets, and plans lead to smarter investments. In this Aberdeen research report, top performers are found to provide their employees with the tools that enable success, in addition to exhibiting the following characteristics:

  • Predictive—industry leaders are 40% likelier to have the ability to perform “what if” scenarios and make forecasting decisions based on the likeliest outcomes
  • Informed—51% of top performers are able to incorporate business drivers into forecasts by providing real-time data to decision makers
  • Efficient—top performing businesses eliminate time-consuming financial management hurdles to ensure the data is up-to-date and employees spend most of their time on value-added tasks
  • Agile—40% of industry leaders use automated forecasting tools to reforecast as market conditions change and prevent inaccuracies due to market volatility

Download the report to find out how Epicor enterprise resource planning (ERP) solutions can help you improve your processes and turn your manufacturing business into a financial planning, budgeting, and forecasting leader.

Tags : 
enterprise resource planning (erp), financial management, manufacturing, budgeting, forecasting