How to Predict the Future in Your Business?
If there is one thing certain in business, it is undoubtedly uncertainty and unpredictability.
-S. Covey
We live in a world where uncertainty and volatility shape our vision of the future, consequently influencing the choices deemed correct and those considered risky.
This constant unpredictability is intrinsic to the very concept of business and cannot be completely eliminated, but it raises the need to integrate tools that allow for the reduction of negative impacts through comprehensive management control, such as the Forecast Budget.
This tool helps analyze the current status of the company, enabling it to be managed in a conscious and rational manner through:
- simulations of the economic and financial consequences of events through project management logic;
- quantification of the objectives to be achieved;
- evaluation and enhancement of the results achieved;
- correct allocation of monetary resources among different business areas;
- detection of any variances based on financial data.
With OpenSTAManager, the Budget module aims to provide companies with the opportunity for total management control, analyzing in detail all scheduled incoming and outgoing payments resulting from invoices, delivery notes, customer orders, and supplier orders. Custom queries can be added to the module to better tailor it to specific needs, as well as manually setting recurring deadlines.