Automated Revenue Forecast for SaaS Companies using Dynamics 365 Business Central

    This article describes the Revenue Auto Forecast Template that is included with Solver's SaaS model for users of the Microsoft Dynamics 365 Business Central ERP and Binary Stream's Subscription Billing Suite (SBS). It is part of a library of more than 150 ready-to-use reports, budget models and dashboard templates that Solver provides to SaaS companies as part of its cloud Corporate Performance Management (CPM) platform.

    Unlocking Business Success with Automated Revenue Forecast Models in SaaS Companies

    In the dynamic landscape of Software as a Service (SaaS) companies, the role of financial leaders, especially Chief Financial Officers (CFOs), is becoming increasingly critical. To navigate the complexities of revenue management efficiently, modern solutions are essential. This blog explores the transformative impact of Automated Revenue Forecast Models, integrated into a Corporate Performance Management (CPM) platform, with a focus on Solver's leading CPM solution.

    Challenges Faced by SaaS Companies

    • Manual Spreadsheet Overload:
      • SaaS companies often grapple with an overload of manual Excel spreadsheets, a cumbersome process prone to errors.
      • Dependency on manual forecasting processes can result in delayed decisions and compromised accuracy.
    • Lack of On-Demand Self-Service:
      • The absence of easy-to-use self-service models leaves Financial Planning & Analysis (FP&A) managers and executives struggling to quickly obtain crucial revenue insights.
      • Quick, on-demand answers to critical questions about forecasted revenues are elusive without a streamlined solution.

    Benefits of Modern Automated Revenue Forecast Models

    • Rapid Scenario Creation:
      • Automated Revenue Forecast Models, such as the one provided by Solver, empower FP&A managers and executives to swiftly create various revenue forecast scenarios for the next 3 months.
      • The model's user-friendly interface allows for easy selection of Forecast Method and Forecast Base, automating the forecast creation process.
    • Streamlined Decision-Making:
      • By eliminating manual spreadsheet dependencies, SaaS companies can reduce the risk of errors and delays in decision-making.
      • The Automated Revenue Forecast Template in Solver provides a powerful dashboard format, including trend charts, enhancing visibility and understanding of forecasts.
    • Enhanced Analysis and Reporting:
      • Solver's CPM solution offers over 150 pre-built reports, dashboards, and budgeting templates, providing a comprehensive suite for financial analysis and reporting.
      • Automated models enhance the precision of financial insights, enabling executives to make informed decisions with confidence.
    • Empowering FP&A Teams:
      • The self-service nature of Automated Revenue Forecast Models empowers FP&A teams to independently address inquiries and make data-driven decisions promptly.
      • Time-consuming manual forecast processes become a thing of the past, allowing teams to focus on strategic analysis.

    About the Revenue Auto Forecast

    The purpose of this model is to give managers a quick way to forecast revenue for the coming months and to project and compare the following five forecast methods: 1. Average change based on the past 3 months, 2. Average change based on the same months last year, 3. Trend based on the same months last year, 4. Combination of method 1 and 2, and 5. User input of project % growth. Use the two yellow cells on the top to choose the forecast method and to select the desired base (last 3 months or last 1 month) for the forecast. The charts dynamically display forecast comparisons and actual + forecast trend.

    For this and many other ready-to-use templates from Solver, visit our web-site Marketplace page and download the free SaaS eBookRevenue Auto Forecast for SaaS Companies using Dynamics 365 Business Central Revenue Auto Forecast for Dynamics 365 Business Central - Pre-built SaaS Template from Solver

    Why Choose Solver for CPM

    Consider Solver as your go-to CPM solution. With a proven track record, Solver not only delivers a robust Automated Revenue Forecast Template but also a complete suite of reports, dashboards, and budget models. By embracing Solver, SaaS companies can revolutionize their financial reporting, analysis, and budgeting, paving the way for accelerated business success. In conclusion, the implementation of Automated Revenue Forecast Models is not just a modern necessity but a strategic move towards efficient, error-free, and agile financial management in the competitive realm of SaaS companies. Solver's comprehensive CPM solution stands as a beacon, guiding CFOs and executives toward a future where financial decision-making is streamlined, reliable, and poised for success.

    Resources for Additional SaaS Reports, Dashboards and Budget Models For more information about all the SaaS templates from Solver check out these resources:

    About Solver Solver is a global leader in Corporate Performance Management (CPM) and comes with out-of-the-box integrations to Microsoft Dynamics 365 Business Central and the Subscription Billing Suite from Binary Stream. Solver includes more than 150 reports, dashboards and budget templates for SaaS companies that provide in-depth analysis of subscription revenues, financials, human capital/payroll and CRM pipeline.