Improve Your Business Central Forecast with ForecastX
In today’s fast-paced business world, making accurate predictions about future trends and outcomes is essential. Forecasting software can help businesses of all sizes make better decisions by providing accurate insights into future demand, sales, production, and more. Businesses that integrate their well-constructed forecast with their ERP, such as Microsoft Business Central or Aptean Food and Beverage ERP, JustFood Edition see improvements in their shipment’s On Time In Full (OTIF).
However, most of the options put a considerable strain on internal resources, free cash, and company focus on objectives. What if there was a forecasting tool that could be delivered in days versus months, that was one of the least expensive in the market, and supported you in achieving your goals? That product is ForecastX by John Galt.* Read more to see how to improve your business central forecast with ForecastX.
What is ForecastX?
ForecastX helps businesses and organizations make better decisions by accurately predicting future trends and outcomes. If you are looking to make the jump from Excel to forecasting software, this is the way to go.
ForecastX comes packed with a range of features that make forecasting easy and accurate:
- Time Series Analysis: ForecastX is designed to analyze time series data and identify patterns and trends. The software uses advanced algorithms to identify seasonal patterns, trends, and cyclical fluctuations in data, allowing businesses to accurately predict future outcomes.
- Customizable Forecasting Models: ForecastX allows users to create customizable forecasting models based on their specific business needs. Users can select from a range of forecasting models, including exponential smoothing, Box-Jenkins ARIMA, and multiple regression, to create a model that best fits their business requirements.
- Interactive Graphs: ForecastX provides users with interactive graphs and charts that make it easy to visualize and interpret data. Users can quickly and easily explore different scenarios and adjust forecasting parameters to see how they impact future outcomes.
- Advanced Analytics: ForecastX provides advanced analytics and reporting tools that allow users to explore data in depth. The software allows users to analyze trends, identify outliers, and create custom reports to share with stakeholders.
- Integration with ERP Systems: ForecastX integrates seamlessly with ERP systems, allowing users to easily import and export data between systems. This makes it easy to integrate forecasting data into existing workflows and processes.
Technology That Drives Business
It’s not just about the bells and whistles; the technology can really drive business value quickly. Implementation is a breeze and can be up and running in days not months. Here are some of the benefits you can start to realize:
- Increased Accuracy: ForecastX uses advanced algorithms to analyze time series data and identify patterns and trends, allowing businesses to make more accurate predictions about future outcomes.
- Improved Decision-Making: With accurate forecasting data at their fingertips, businesses can make better decisions about production, inventory management, and other critical business operations.
- Time Savings: ForecastX automates many of the time-consuming tasks associated with forecasting, freeing up employees to focus on other tasks and initiatives.
- Better Collaboration: ForecastX allows users to share forecasting data with stakeholders across the organization, promoting better collaboration and alignment around key business decisions.
- Increased Efficiency: By automating forecasting tasks and integrating with existing workflows, ForecastX can help businesses increase efficiency and reduce costs.
ForecastX Case Study
You don’t have to take our word for it, we have a case study as well.
One example of how ForecastX has helped businesses is a leading beverage manufacturer in the United States. This company produces a range of popular beverage products, including sodas, energy drinks, and sports drinks. The company had been using a manual forecasting process that was time-consuming and prone to errors.
After implementing ForecastX, the company was able to automate many of the time-consuming forecasting tasks, freeing up employees to focus on other critical business operations. The software provided accurate forecasting data that allowed the company to make better decisions about production, inventory management, and other key business operations.
With ForecastX, the company was able to identify seasonal patterns and trends in demand, allowing them to better manage inventory levels and avoid stockouts. The software also allowed the company to create custom reports and share forecasting data with stakeholders across the organization, promoting better collaboration and alignment around key business decisions.
Here at Adroit North America, we understand how to establish a well-performing forecasting process. We can help you to leverage an inexpensive forecasting tool such as ForecastX. We’ll show you how to integrate it into your Dynamics Business Central ERP, Dynamics NAV ERP, Aptean Food and Beverage ERP, JustFood Edition, bcFood Edition, or one of the many Businesses Central-based solutions.
*Disclaimer: Adroit is an independent consulting organization and has no affiliation with John Galt or ForecastX.