Profitbase introduces a new technology, TrueVI (True Version Isolation), that enables capabilities for the latest generation of budgeting, forecasting, and planning tools.
With a few clicks, businesses can now:
1. Easily create and work on multiple budgets and forecasts
With TrueVI, you can easily create and work on multiple budgets and forecasts at the same time. It’s as easy as a few clicks to create and deploy new versions. You can quickly switch between versions, and changes in one version will not affect the other versions.
2. Test business strategies and scenarios with various assumptions and business drivers
You can change any assumptions and business drivers to test different outcomes because each version you work on is isolated. You can also manage user access for each version. In other words, you can test your business strategies and scenarios, and make well-founded decisions. This will help you to choose the right direction for your company to move forward.
3. Return to a previous version at any time for fact-checking
In most systems, you can view the results of your previous budgets and forecasts, but you cannot backtrack the assumptions and drivers that the final results were based on. TrueVI enables you to return to a previous version at any time and see exactly which numbers and assumptions your decisions were based on. This makes it easy for you to justify your decisions to stakeholders.
4. Use multiple versions of the same dimensions
Your business may change from year to year or planning period to planning period. For instance, you might plan an acquisition or restructuring of your company. We often see clients wanting one organizational hierarchy for their current budget and a different organizational hierarchy for next year’s budget, working on both of them simultaneously. Profitbase now makes it easy to use multiple versions of the same dimensions at the same time for different planning processes and versions.
5. Easily drive rolling forecasts with sliding upgrades.
We recommend, as best practice, to produce monthly or at least quarterly rolling forecasts in your planning. Profitbase has always made it easy to work with rolling forecasts as a continuous process, and we have now taken this to another level. With TrueVI, you can use different versions of Profitbase Planner in different forecasts at the same time without interrupting your workflows. This means you can make incremental (sliding) upgrades of Profitbase Planner without delaying your business process schedules or accommodating for system updates.
With TrueVI, businesses can now make better decisions faster. For more information, contact us.