P&L Forecast Summary

P&L Reports with Forecasts and Budgets to Streamline the Monthly Reporting Process How can Financial Statements Drive Faster and Better Decisions? As CFOs increasingly become key advisors in the Monthly Reporting Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Financial Statements like the P&L Report with Forecast and Budget template shown below enables them and users from the leadership teams to experience near real time variance analysis comparing a full year forecast to the original budget that help drive faster and better decisions. Who uses P&L Reports with Forecasts and Budgets and What are Some Key Analytical Features? In today’s fast-paced business environment, CFOs are under high pressure to supply end users like budget managers and executive leaders with timely and concise Financial Statements. Companies use key features like the ones below to support their users with effective analysis that helps drive better investment and cost control decisions:

• Variance information showing the difference between the original budget and the full year forecast
• Dynamic full year estimate with Actual data up to the current month and the Forecast for remaining months
• Expandable rows (to drill to GL account and below) and columns (to see summary or individual months)