A powerful, automated revenue forecast.
We take a look at WorkBook‘s brand spanking new, automated revenue forecast. An invaluable tool for agencies looking for an accurate revenue forecast.
How it works:
The Net Revenue Forecast pulls live data from quotes, pipelines, budgets and actual revenue taken. It then sums this data into client and client lead summary views, making it easy to read and digest.
It automatically forecasts the revenue remaining for each job and client, based on one of four configurable methods. These include:
• Even distribution over time: an even spit of revenue remaining, between the date of the forecast and the job end date
• Billing plan: derived from the billing forecast on the job
Or one of two variations on the weighting of scheduled work remaining:
• Schedule future amounts proportionally: calculates the forecast value as a proportional percentage of the remaining amount for each month, based on the total of the scheduled values
• EAC distribution method: calculates a monthly value on the basis of the quote’s net revenue value, actual value, and scheduled value in each month
So there’s a method for each way an agency might need to forecast.
Watch our video to see how this process would work in practice.
For more information about revenue forecasting, check out our post on Going Back to Basics.
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For more information on agency forecasting, contact us
