Prophecy is a sales forecasting and planning software solution aimed at real world business users.
It starts where statistical systems stop...
The right methodology
In the real world, promotions, competitor activity and a myriad of other events and influences make it impossible for a statistical algorithm to generate accurate forecasts. Market intelligence is the key to improved forecasts.
Prophecy helps forecasters interpret and understand the forces that statistical algorithms struggle with by presenting the evolving forecasts in the most helpful, flexible and insight-providing way.
Aimed at the right users
What is really needed is to tap the knowledge of the business forecaster, frequently the senior sales or marketing managers, and to get them to translate / quantify their business plans and market intelligence into forecasts within Prophecy.
Their forecasts by customer are consolidated over products and customers and extended through to profit in real time by Prophecy. The plan can be analysed at any relevant level of detail, and compared to history, budgets and running rates, either graphically or in tabular form. The volume data can be extracted from Prophecy automatically, and pushed into your MRP / ERP system.
Integrated into core business processes
Prophecy takes volume forecasting and integrates it with the business plan, in real time. Users instantly see the revenue and profit impact of their forecast changes, as they make them, in Prophecy's multi-dimensional forecast update and reporting screens.
Prophecy can contain Budgets, Targets and Plans as well as the evolving sales forecast, translated through into revenue and margins.
It enables a single plan, visible, for your organisation.
Efficiently measure and track progress vs. Plan, Last Year etc..
Prophecy gives the forecasts the financial and management visibility they need, rather than leaving them hidden in a single user volume-centric statistical forecasting tool or operational planning system.
It integrates the process of volume forecasting into overall company planning, analysis and reporting. You can forecast, analyse, compare with budgets or prior years - for volume, revenue, profit or any other measure you model, all within the same, easy to use software.
Accuracy analysis is available at the touch of a button.
Accuracy analysis is important because:
- It's important to learn from forecasting mistakes
- It helps avoid making the same mistakes again
- It allows you to spot which forecasts need reviewing, earlier.
- Its visibility ensures forecast accuracy is 'front of mind'.
Prophecy lets you quantify the added value from judgemental forecasting by comparing the final forecast with the statistical forecast that would have been generated using sales history available when the forecast was made. Click here to see a sample output.
Prophecy delivers multiple-user concurrent read-write access to a single Prophecy database without the need for distributing and managing 'sub-cubes' or individual spreadsheets for each forecaster. This totally removes the need for manual consolidations. All changes are instantly committed to the database and as part of the same process the the changes are re-aggregated over the relevant branches of the product and customer hierarchies.Prophecy is an 'out of the box' solution with no third party dependencies. it includes its own, high performance database which is optimised for multi-user, multi-dimensional concurrent read-write operations. in addition to blistering performance, its technical simplicity makes support and maintenance easy because everything comes from a single vendor.
Alternatively, you can also host your Prophecy data in a Microsoft SQL Server database, enabling further scalability and on-line access from SQL reporting tools. The user experience is identical whether you host the data in SQL Server or in 'native' mode, as the Prophecy Client can access either source with the change of just one setting.
Prophecy can import external data from any ODBC / OLEDB data source or alternatively via delimited text files. Data can be exported out from Prophecy in similar formats.
All database management processes are automated, using Prophecy Scripts and the supplied Prophecy Management Studio application.
Click here to view a short self-running demonstration of database management in your web browser.