Let’s face it – very few people actually like to budget or forecast. So, reforecasting may seem like a daunting task. Why do organizations reforecast? Here are some things to consider: Alignment of Your Business Especially in today’s turbulent economy, businesses change so quickly that forecasts created previously aren’t always…

If you’ve been following along with our blogs, you’ll know the importance of people and data on the quality of your forecast. Equally as important is the process – how does the forecast get created? What systems are you using? Is your forecasting tool user friendly and does it give…

Forecasting is important to the business, but the forecast itself relies on high-quality data. When determining the data to use in the forecast, the following factors must be considered: Detail: How much detail are you putting in to your forecast? Keep in mind, more detail is not always better. If…

The team involved in the forecasting process has a huge role to play in the quality of your forecast. Consider the following when planning for your forecast: Involvement: Who are you involving in the forecasting process, and how well do they know the data you are asking them to forecast…

A forecast is an important tool for businesses to understand what their business will look like in the near and far term. Creating a forecast is important but relies on the quality and accuracy of the data within it. Three elements affect the quality of the forecast. People: who you…

Why do we forecast? A forecast is an important part of your business plans. But why? For most organizations, there are four major reasons to forecast: Financial Predictability A budget helps an organization more accurately plan for the future and understand what the organization might look like in the near…

While we’re sad to not be exhibiting in person this year, True Sky is pleased to again be sponsoring CPA Canada’s The ONE National Conference for 2020. The conference runs online for two days next week (September 17 and 18). Be sure to stop by our virtual booth to learn…

July 6, 2020   TORONTO, ONTARIO – True Sky, corporate performance management software that simplifies the budgeting, planning and forecasting process, continues to develop a strong relationship with Sage by announcing a certified integration to Sage Intacct.   This integration is the third that True Sky has launched with Sage…

True Sky Now Available as an Advanced Budgeting Solution on the Sage Business Cloud Marketplace June 30, 2020 TORONTO, ONTARIO – True Sky, corporate performance management software that simplifies the budgeting, planning and forecasting process, is now available on the Sage Business Cloud Marketplace. “I am excited to see the…

Monthly forecasting – or reviewing your budgets every 30 days and putting together a new plan – is generally the best option to look at more detailed items, like line-by-line expenses, supply ordering, revenue growth targets, and the like. Think of it as a map or outline to help you…