Castaway Financial Forecasting Software Advantages
Castaway is a flexible forecasting solution for all businesses. It can be adapted to your specific needs and give you the accurate, up-to-the-minute financial information you need to make the right decisions for your future. It is an essential management tool that plays a vital part in planning and managing the successful growth of your business.
1. Use your time more productively
Producing Profit and Loss, Cash Flow and Balance Sheet forecasts is an essential discipline practised by successful businesses the world-over. But it's a time consuming process and we recognise that your time is valuable. That's why we have introduced Castaway to make forecasting easy.
Would you normally use a spreadsheet to produce budgets for a business plan and cash flow forecast? Castaway produces an integrated report set of Profit and Loss, Cash Flow and Balance Sheet faster than using a spreadsheet, without encountering the undetected errors that always seem to creep into spreadsheets.
2. Financial decision-making with confidence
Castaway assists you to be more effective by spending far more time using you financial analytical skills for the benefit of the business and far less time concerned with the mechanics of producing forecasts.
Because Castaway uses double-entry rigour to eliminate the risk of undetected spreadsheet errors, you can be confident about data integrity when presenting professional quality models to a bank, board of directors or client.
3. Financial planning as an essential management tool
Re-forecasting based on actual results is so quick you will find that budgeting and financial planning is no longer a once-a-year exercise, but a discipline you exert on the business all year round.
By improving the flow of high-quality information, Castaway opens up new possibilities for financial specialists to advise top management and influence business decisions.
4. Implement a flexible forecasting tool
Business conditions are forever changing. Castaway is a flexible forecasting solution for all businesses. It can be adapted to your specific needs, and give you the accurate, up-to-the-minute financial information you need to make the right decisions for your future. It is an essential management tool that plays a vital part in planning and managing the successful growth of your business.
5. Eliminate the weaknesses in using spreadsheet based models
|Forecasting with Spreadsheets||Forecasting with Castaway|
|Figures easily entered in wrong columns or as text||Rigorous data entry system to identify and eliminate errors|
|User creates formulae: errors often remain undetected||Formulae are incorporated in the program guaranteeing accuracy, you can also create your own formulae if you wish|
|New information has to be entered manually to the various reports||One-stop data entry means all reports are automatically updated with the latest information|
|Each heading requires a separate column and new formulae||Automatic calculation of GST, Company Tax, Bank interest, Bad Debt provision, Factoring|
|Data usually has to be entered manually, and new information requires reformatting columns||Data links to existing spreadsheets provide constant updates with live information|
|Data still has to be copied and edited into professionally presented reports||Automatically produces Report Set ready for presentation|
|Makes forecasting a major and occasional task||Allows forecasting to become a regular management tool|