Forecast5 Announces Launch of New Monthly Financial Reporting Model

NAPERVILLE, Ill., Sept. 22, 2017 /PRNewswire/ -- Forecast5™ Analytics, Inc. announced the release of its new monthly budget planning and reporting software to the public-sector market – 5Cast™ Plus.  This new module will allow customers to analyze cash flow, track budget performance and generate monthly reports throughout their fiscal period.

"Now, in addition to analyzing long-term financial health, our customers can upload detailed financial information each month in order to generate intra-year insights," stated Mike English, CEO and President of Forecast5.  "5Cast Plus provides finance officers with a new set of tools to evaluate budget performance throughout the year on an accelerated basis. "

Local governments can leverage the advanced analytics in 5Cast Plus without having to upgrade their financial accounting systems.  With respect to the key features of 5Cast Plus, English commented, "The system addresses three key areas of concern for a finance officer.  They are always monitoring their cash flow against expectations, evaluating budgets vs. actuals, and preparing their monthly reports for their governance boards.  5Cast Plus addresses all three critical tasks."

David Torres, Senior Product Manager for 5Cast and a former chief financial officer/treasurer for a school district in suburban Chicago, was a key player in the development of the new system.  Torres commented, "Being on the frontline for more than 25 years, I can tell you how much effort goes into monthly reporting and surveillance of the budget.  5Cast Plus is a tool that I wish I had been able to use as a school finance officer.  I believe that it is going to automate many of the time-consuming tasks involved in financial accounting and open up opportunities for our clients to convert that time into projects that have higher operational and strategic value."

Forecast5 will be exhibiting at the upcoming 2017 Association of School Business Officials (ASBO) International Annual Meeting & Expo the week of September 22-25 in Denver, CO.  Visit the team at booth #311 to see a demo of 5Cast Plus in action.

About Forecast5 Analytics

Forecast5 was founded in 2012 with the vision of becoming the national market leader in analytic technology for the public sector.  The company has made great strides in a short period of time towards this ambitious goal.  The company has successfully developed and launched five separate applications and has seen over a thousand local governments use its software to gain insights and drive decisions.  For more information, visit www.forecast5analytics.com.

Contact:  Jennifer Haney-Crowe
Forecast5 Analytics, Inc.
O (630) 955-7662
[email protected]

SOURCE Forecast5 Analytics, Inc.

Related Links

http://www.forecast5analytics.com