Often an area of Management Information that is not given the attention it deserves, financial forecasting is an essential element to any successful business. Not only do accurate forecasts set goals and targets for the future performance of the business they also hold people accountable for their actions. Accountability is not always evident within an SME but it is a vital part of any organisation.
Forecasts will show you the potential of your business if specific targets are reached and are extremely valuable in assessing future working capital requirements, tax planning and long-term valuations. They are also a fantastic tool for helping with decision-making, providing the ability to view your business through ‘what-if’ scenarios and sensitivity analysis.
For more information about how we can help with financial forecasting and enable you to gain a better understanding of where your business is going please e-mail firstname.lastname@example.org.
Elite MI provide financial forecasting in Derby, Nottingham, Burton, Swadlincote, Tamworth and throughout the UK.