Accounting & Finance
❯
Predict Financials
❯Accounting and Finance - Predict Financials
Large Companies
Small Companies
Accounting and Finance - Predict Financials
For:
Executive managementGoal:
Improve Operation EfficiencyProblem addressed
Reliable financial forecasts are essential in enabling a business to effectively manage budgets and allocate resources. Predictable revenues and a controllable cost base are key ingredients in allowing a business to scale with minimal risk.
In order to provide a reliable forecast, a model has to be able to predict the right mix of products and services to meet revenue targets while maintaining operational efficiency and providing enough opportunity to scale. Determining the necessary contributing factors requires modeling the probability of different outcomes under multiple scenarios paired with analysis from individual experts. This process can often be error prone and subject to bias.
Scope of use case
Improving quarterly forecast accuracy with Artificial Intelligence-enabled forecasting.
Raw Data
AI: Perceive
Machine Learning
AI: Understand
Automate Process
Predict / Forecast
Recommend
AI: Act