a complete solution for multi-user, multi-customer forecasting...
- Save money, plan better, with a more accurate sales forecast.
- Forecast, analyse and report in a single system. Integrate Quantity, Revenue and Margin forecasts for a single-source view of history and the future.
- Plan over hierarchies of Products and Customers. Manage delivery of forecasts, budgets and plans through constantly updated comparisons with Budgets, Last Year etc..
- Measure sales forecast accuracy using built-in accuracy measure tools and reports. Learn from your mistakes, earlier!
- Boost forecaster productivity compared to sales forecasting spreadsheet solutions.
- Implement faster and at lower cost. Existing Prophecy customers integrate with SAP, Microsoft Dynamics, Sage, NetSuite etc..
- Supports Demand Forecasting and Sales Forecasting. 'Demand forecasting' means real customer demand. 'Sales forecasting' means what is actually sold (where there may be non-demand related constraints).
Prophecy™ is a proven, easy to use Windows solution for business sales forecasting and planning. It delivers full, real-time expansion to revenue and margin, over hierarchies of product and customer.
Use world-class forecasting models, via Prophecy's protected, easy to use environment. Use judgemental forecasting, via Prophecy's flexible, 'pivot-table' type interactive environment and live graphs.Contact us on +44(0)1494 785574
Achieve greater forecast accuracy with ...
|Sales forecasting, over hierarchies of products and customers. Top down or bottom up forecasting. Drill down or up through product and customer levels with a mouse double-click.|
World-class statistical forecasting
|Deploy world-class forecasting algorithms in ‘Automatic’ mode (no statistical knowledge needed). Prophecy™ works with all the forecasting models available from the open source R Statistics and Data Science system. If you're comfortable with R, access all its features via Prophecy™'s 'R Expert mode'.|
|Allow multiple users to securely forecast concurrently, using the same data store. Re-forecast with instant, real-time consolidations. With a complete security model by product, customer and measure. Forecaster / reviewer workflow over the forecast cycle.|
Multi-level revenue & profit
|Provide a single, integrated view of forecasted Volume, Revenue and Margin, presented over the every permutation of product and customer hierarchy detail. Also supports additional measures, such as litres, kilos, pallets etc. if needed.|
Analysis and control
|Flexible, cube-style multi-dimensional reporting (and forecast update) screens. Compare with last year and multiple Budget versions. Analyse forecast accuracy via snapshots or time profiled screens. Escape the limitations of forecasting in Excel.|
Trade promotions planning
|Implement trade promotions planning (TPM), including workflow and post-promotional evaluations.|
Sales forecasting for business!
- Prophecy™ enables you to streamline your sales forecasting process, using a proven forecasting software solution. Free your forecasters from cumbersome forecasting spreadsheets.
- Implement a multi-user software solution for sales forecasting, faster and at a much lower cost than competitive solutions. Typically in less than 10 days*. (Installation, configuration and implemention via remote access or in-person.)
Forecast with the right methodology
Use Prophecy™ if you're forecasting with:
- Frequent and highly variable promotional activity.
- Active competitors, with equally frequent and variable promotional activity.
- Promotions which are (intentionally) different each time
- Promotions which occur at different times each year.
- Major customers represent a high proportion of total sales.
Prophecy™ helps forecasters interpret and understand the factors that statistical algorithms struggle with, by presenting the data in a variety of intuitive, graphical and insightful ways.
Prophecy also features an optional Trade Promotion Planning module, which allows itemised promotions to be planned, modelled, approved and evaluated.
Aimed at the right users
Prophecy™ is for front-line business sales forecasters. It helps them productively apply their specialised knowledge and judgement to the sales forecasts. All within an easy-to-use, Excel type experience. However, Prophecy™ goes way beyond Excel in its specialist analytic and sales forecasting features.
Prophecy™ is a 'live' view of detailed volume forecasts through revenue and profit. It consolidates in real time over multi-level hierarchies of products and customers.
The forecasted measures in your Prophecy™ system are completely customisable. Start with volume, extend to revenue and margin, compare with budgets, plans, other versions.
Integrate sales forecasting into core processes
Prophecy™ offers you much more than just volume sales forecasting.
Standard costs and selling prices are pre-imported into the database (or prices and discounts can be modelled manually). The revenue and profit impact of volume and pricing changes are instantly rolled up, in real time, over a complete hierarchy of products and customers.
Forecasts can be analysed and 'risk-assessed' within Prophecy™ at any hierarchy level for volume, revenue, profit or any other forecasted measure.
Prophecy fully supports 'forecast / review / re-forecast / publish' workflow.
Track forecast vs. Plan, Last Year, Last Version...
Prophecy™ elegantly implements control, visibility, tracking and sharing of the sales forecast. Escape the 'many versions of the truth', bloat and data fragmentation issues associated with Excel sales forecasting spreadsheets.
Forecast, analyse, compare with budgets, prior years or previous forecasts - for volume, revenue, profit or any other measure. All within Prophecy's easy to use, multi-dimensional views and graphs.
Every Prophecy report acts as a forecast data entry screen, supports hierarchical drilldown/up over products or customers, live graphs, back-solving, unlimited undo/redo and many other forecast productivity aids.
Capture and audit every forecast change in the Prophecy Tracking database - date, time, who made the change etc..
Measure Forecast Accuracy
Forecast accuracy analysis is important because:
- Forecasters will learn from forecasting errors and avoid repeating the same mistakes.
- Management will spot which forecasts need reviewing, earlier.
- Forecast accuracy stays 'front of mind' for forecasters when it is easily visible to managers.
Accuracy analysis is hard to deliver in fixed-view sales forecasting spreadsheets. Prophecy™ gives you accuracy data at any level of
hierarchy and over any time horizon, with sales forecast accuracy measures such as MAPE, MAD, two types of
weighted average, bias
and over/under frequency distributions.
Prophecy™ quantifies the added value from judgemental forecasting, by comparing the published forecast with the statistical forecast that would have been generated using the available sales history. Click here to see a sample output.
Technical BenefitsProphecy™ isexceptionally quick and easy to implement.
The software runs on Microsoft Windows 7 or newer clients. It hosts its data in a shared MS SQL Server database MS SQL Server database. It supports concurrent, multiple-user, read-write access without 'sub-cubes' or individual spreadsheets and real-time, maintenance-free consolidation.
Adding new products, customers and sales history is a breeze. Use the Prophecy Management Studio application's "write once, use many times" automation module to maintain Prophecy.
Other systems connect to Prophecy data via SQL or scripted data exports. .
Each user's product, customer and measure-based security is rules-based and requires minimal maintenance after the initial setup.
Top 10 Prophecy™ hilights:
- Multi-level sales forecasting over hierarchies of Products and Customers.
- Use state of the art R statistical forecasting, in 'Automatic' or 'Expert' mode.
- Forecast, analyse, report and track products, by customer, by measure and time within a single solution.
- Extend volume forecasts intosales revenue and margin, or any other measure you need.
- More productive than Excel!. As easy to use as anExcel forecasting spreadsheet, but designed from the ground up for multi-user sales forecasting and demand planning.
- More than a collection of statistical algorithms! Prophecy™ offers many, carefully thought out forecaster aids, productivity enhancers, views and analysis screens, as well as itsstatistical forecasting engine.
- Prophecy saves time, delivering full multi-user, concurrent sales forecasting, with real-time consolidations, using a single, shared database.
- Implement faster, at lower cost, (typically in 10 days or less*). Low ongoing maintenance with new products, customers and actuals data loaded automatically using re-usable scripts.
- A proven solution. Used for forecasting beauty, personal care, floorcare, coffee makers, food mixers, pet care, cleaning products, and more.
- Integrates with SAP, Microsoft Dynamics, Sage, NetSuite etc. through SQL queries or delimited text files and Prophecy Automation.
In August 2021 we added new features to our 'R Expert' forecasting options. You can now preview the forecasts within Prophecy before you import them, push the products and customers from your 'R Expert' output into your current Prophecy report and run the process of R statistical sales forecasting in a separate, standalone process. Please see our detailed "What's New" page for more information.
November 2020 saw the launch of semi-automatic forecast consumption rules, which allow near-term forecasts to be automatically adjusted (under forecaster control) based on recent sales. For example, add back undersales in last periods to next periods / subtract oversales in last periods from next periods until oversale is 'consumed'. We have built a flexible framework for this type of automated adjustments.
Earlier in 2020 we added the option to manually adjust the history used as input to the automated R statistical forecast engine, allowing you to remove the effect of outlier events from the history. Manual adjustments cascade down the hierarchies in proportion to the share of the actuals, meaning you don't have to separately adjust each sku for the same outlier. This functionality provides more control than the existing automated algorithm, albeit with forecaster overhead. Of course, both methods can be used in together, if required.
More exciting stuff coming soon!
The Prophecy Changelog contains a detailed list of all the major Prophecy enhancements.