Topic: General Posts

Subject: Forecasting / Modeling Software
Tom Fitzgerald
Member: 2003
Posts:3
Submitted on 05-23-12 9:58 pm
Message:
We currently use Excel for Forecasting & Modeling but find it a bit unwieldy, since our model is fairly extensive and quite detailed. Does anyone know of any reasonably priced alternatives that provide as much or more in terms of capabilities and power compared to Excel, but which are easier to use and maintain? Thanks in advance.
 
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Replies
Jeremy Werblowsky
Member: 2011
Posts: 2

Subject: Re:Forecasting / Modeling Software

Submitted on 05-24-12 8:01 am.
Message:
Hi Tom,

We have software that does advanced modeling, forecasting and back stressing for Structured Products. Is that of interest to you?

Thanks,
Jeremy
jeremy.werblowsky@modelity.com
 
Tom Maupin
Member: 1999
Posts: 46

Subject: Re:Forecasting / Modeling Software

Submitted on 05-24-12 11:19 am.
Message:
Tom,
Friend of The FENG Charlotte should have solutions for you:
John Sanchez
Managing Director
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The FPA Group
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Tom
 
Kirk Otis
Member: 2003
Posts: 4

Subject: Re:Forecasting / Modeling Software

Submitted on 05-24-12 3:33 pm.
Message:
Adaptive Planning is a cloud based solution which is good if you have multiple people in multiple locations providing input. Not only does it allow immediate roll-ups, but also includes project management capability to keep the forecast / planning

PriceWaterhouse used to have an extensive, generic model for manufacturing and for services firms. It was in Excel and was through, but was intended for a plan by a single person, rather than a group of people. Unfortunately I can no longer find the PW model. Perhaps someone can contribute that to all....

 
Bob Wills
Member: 2005
Posts: 3

Subject: Re:Forecasting / Modeling Software

Submitted on 05-29-12 12:34 pm.
Message:
I agree with the below recommendation of Adaptive Planning for forecasting. Not only does it work for multiple locations, but also multiple scenario, currency and businesses. We also load actual data to get a rolling forecast as well as interface with Salesforce.com for forecasting revenue. With a free 30 day trial, it's no risk.

Bob Wills
EVP & CFO
M+W U.S., Inc.
 
Jon Brandl
Member: 2001
Posts: 2

Subject: Re:Forecasting / Modeling Software

Submitted on 05-30-12 8:02 am.
Message:
You might want to look at one or more of the products produced by SAS. They are one of the leaders in the stats/modeling space.
 
Len Green
Member: 2001
Posts: 10

Subject: Re:Forecasting / Modeling Software

Submitted on 06-04-12 1:31 pm.
Message:
Tom
Your solution could vary from a low end to high end (read high cost) solution. SAS is a great statistical analysis package, but its cost is up there with Hyperion.

What are your key requirements: Sales forecasting, HR forecasting, complex pricing models? Consolidation with or without foreign subs and minorities? Remote users or single location? Do you want this tool to also support reporting of budget/forecast and actual from your GL? Does it need to manage non financial data as well? What is your budget to license, install/train/convert models and historic data?

Once you cover those basics, you can refine your list of potential vendors.

Feel free to call me if any questions
Len
847-778.4881
 
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