Forecasting and Financial Modelling Cheltenham

Business is ultimately about winning in the marketplace and a fluid financial model and forecast can contribute greatly to getting and staying ahead of competitors. It is as close as you will get to a crystal ball for your business finances! The two areas bring great insights.

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The rapid developments in the use of cloud based technology for the finance function has meant that any business of any size is now able to have a financial model and a forecast.

We start by ensuring your underlying book keeping is robust enough to support a full and accurate analysis. This core data is the foundation of the financial model and the addition of the budget expectations with regularly updated actuals creates a powerful tool which removes much of the uncertainty and gives the time to act.

Diagram illustrating how acting on a forecast drives change | Business Advisory | Randall & Payne

Financial Model

We build the financial model which will set a benchmark for the core business activity and focuses on understanding the interactions between sales, costs of sales and gross margin. It is the heart of the business and a clear understanding and target can add much to performance.

Rolling Forecast

Once the original budget is in place, updating is very efficient using the right technology. This is the rolling forecast and the combination of actual results to date plus budget figures to year end, or longer, instantly shows the impact of either exceeding or missing the budget.

These tools, along with monthly video catch ups to review performance, are rapidly becoming the norm in the way we work with business clients. Understanding the results today, the impact for tomorrow and proactively changing those potential outcomes is fundamental to success and is a game changer for all sizes of business.

If you would like to remove the uncertainty from your business, contact our Business Advisory team on 01242 776000 or complete the enquiry form below.

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