Chaser introduces an advanced Revenue forecasting tool to improve financial planning
New feature uses machine learning to enhance revenue predictions and improve decision-making for businesses
LONDON, 12 August 2024 -Chaser, the leading global accounts receivable SaaS provider, has launched the Revenue forecast. This new tool enables businesses to automatically predict future revenue, improving their financial planning and decision-making.
Accurate revenue forecasting is essential for effective financial planning and business growth. Organizations with precise forecasts are 10% more likely to grow their revenue year-over-year and are twice as likely to be industry leaders (Argano). However, collating various data points across multiple systems to build a revenue forecast can take time and can often be inaccurate (CFO Magazine). Factoring in crucial elements like customer payment speeds, bad debt write-offs, and refunds can be painstaking to calculate and can make accurately predicting future revenue impossible.
Chaser has developed a Revenue forecast to address these challenges, providing businesses with a reliable and automated way to predict their future income. The Revenue forecast feature leverages advanced machine learning to provide the most accurate predictions possible and analyzes over 65 data points, including geo-specific economic conditions, seasonality, past financial trends, and customer payment behaviors.
By automating the revenue forecasting process, Chaser saves businesses considerable time. This allows finance teams to focus on strategic planning and decision-making instead of manual calculations and data entry. This enhanced accuracy supports better financial planning and resource allocation, giving businesses the confidence to make informed investment decisions.
Sonia Dorais, CEO of Chaser, highlights, "Chaser customers can streamline their financial planning by anticipating cash inflow to manage their spending better using the Revenue forecast. This tool automates revenue predictions and provides actionable insights, helping businesses reduce financial risks and collect revenue faster."
By having access to automated vital metrics such as Year-to-Date actuals, Cash at Risk, and Monthly and Annual forecasts every month, businesses can stay informed about their financial health without manual calculations. This capability supports better decision-making and allows companies to manage their financial strategy confidently.
As Chaser continues to innovate and expand its offerings, businesses worldwide can access a comprehensive tool to help them forecast, protect, and collect their revenue automatically. The new Revenue forecast allows organizations to streamline financial processes, make proactive spending and chasing decisions, and improve overall economic health. By automating the forecasting process and providing real-time updates on critical metrics, Chaser empowers businesses to plan effectively, reduce financial risks, and focus on driving growth.
Find out more here or try Chaser for free to learn how its new Revenue forecast feature can help your business enhance financial planning and improve cash flow.