Just add your historical data to Excel and create your forecast in one click. The software will automatically intemperate your data and pick the best forecasting method using the best fit algorithm Procast. ForecastX is widely considered the most accurate statistical forecasting solution in the industry and consistently outperforms the competition when tested against other established business forecasting software packages. The difference will ultimately show on your bottom line.
Likelihood to Recommend:Not LikelyExtremely Likely
Pros: -It took away a lot of manual work we were doing
-It helped educate our team on a number of different ways we could be forecasting that we hadn't considered
-I actually purchased the book that goes along with the software and it goes through the basics of forecasting all the way into different use cases and sophisticated strategies to consider
Cons: Currently we only have one team member using the forecasting software so it works great. If we wanted more visibility from other team members into the software, I believe we'd need to buy another license, not really a downside, just a consideration to keep in mind.
Overall: We were forecasting with Excel formulas and dealing with huge swings of over or underproduction, and both were costing us. ForecastX was a great investment and immediately improved the accuracy of our forecasting (from 78% to 95% accuracy). The one on one training helped us dial in our forecasting methods and now we're confident in our numbers; it's relieved a lot of pressure through our whole process!