Why is Prophecy the right sales forecasting solution for your business?
Here are the really crucial things we think you should know about Prophecy's approach to sales forecasting and planning for business:
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Forecasting using statistics does not work in many markets, and is almost never the complete solution. Statistics cannot interpret or successfully predict the timing or magnitude of events like promotional activity, competitor activity, incentives etc. which are behavioural rather than mechanistic in nature. These events tend to have a significantly greater influence on short term sales than the underlying trend of the product concerned. |
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Prophecy specifically addresses the limitations of statistical forecasting systems. It was developed by a professional business forecaster, for business forecasters. Successful business forecasting comes from using commercial peoples' market knowledge and judgement and applying it objectively and thoughtfully to future plans. The business forecaster needs significantly different tools to the library of statistical algorithms which many 'sales forecasting' systems are limited to. Prophecy provides these different tools! |
| Business forecasters
need a protected, secure and easy to use environment in which to
generate their forecasts untroubled by technical issues. They need to
be able to view the data just the way they want it, which varies
through time, using a minimum of I.T. skills. They must be able to
navigate quickly and easily through the different levels of product and
customer, and to see the effects of the changes they make versus
Budget, last year etc. instantly. When it comes to publishing the
forecast, they need to be able to share it with other users easily,
securely and with no manual processes involved. Prophecy delivers all
of this, and much more! |
| If you are using a spreadsheet
to develop your forecasts,
you are missing out on significant opportunities, in terms of the
forecasting functionality that is available to you, the (hidden) cost
of maintaining your spreadsheets, and the essentially single user
nature of spreadsheets. Prophecy enables multi-user forecasting and
planning, with minimal system maintenance.
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Many companies have more than one person developing forecasts, splitting responsibilities on a by-product or by-customer basis. Prophecy is a true multi-user system and allows all forecasters to 'hit' the same database. That is a business benefit, not a technical benefit. Because complexity means cost and controlling costs is a business issue. Prophecy's unique database design stores everybody's forecasts in a single data 'cube'. All forecasters share this cube and can read or write to the cube in real time. Prophecy's database design removes the majority of complexities, administrative overhead and duplication of data seen in rival systems, where it is necessary to supply multiple sub-cubes to each forecaster on the network and to subsequently consolidate each sub-cube into a big cube on a weekly or monthly basis. So, Prophecy takes costs out by taking out complexity. |
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Therefore, Prophecy is cheap to implement, and its ongoing cost of ownership is low. |
Prophecy
is exceptionally easy to implement and maintain because its database
management software is of the same high ease of use standard as its
client software. Processes are created via visual click and point
techniques and can be saved as Scripts, enabling any user to perform
routine pre-prepared database management procedures with just a couple
of clicks on a Windows icon.
In summary, the reasons you should contact Data
Perceptions to organise a demonstration of Prophecy are:
- It employs the most appropriate forecasting methods for real-world markets.
- It minimises reliance on complex and difficult to understand statistical algorithms which are too inaccurate for short and medium term forecasting purposes.
- It seamlessly supports multi-user forecasting and workflow.
- It is easy to use. You do not need to be a statistician or an IT guru to use it productively.
- It is easy to implement.
- It is easy to manage.
- There is nothing similar available.
- It is proven and affordable.
Please download a free Prophecy Evaluation System. Or alternatively please contact Data Perceptions via email or telephone.
Speak to an expert now. Call :+44 (0)1494 785574
