The powerful Profitbase FRS financial simulation functionality allows the user to analyse a wide range of scenarios. This allows for a better understanding of the financial impact of carefully considered situations on liquidity, profit, and balance and can be achieved without making changes to the budget basis.
Events such as new investments, changes in revenue or production, market changes, price increases for goods in or out, and new stores or production facilities can be simulated with ease.
Profitbase InVision has been developed by Profitbase for the development of business applications. InVision is a powerful tool that provides unique freedom in the development of customised solutions, such as can be found in project follow-ups and financial simulations for oil fields and risk assessments.
There are numerous budget and rolling forecast solutions specifically developed for different industries and needs. Profitbase has applied its experience, expertise, and tools to develop a reference solution which enables a sound basis for and a quick start-up of customised planning solutions. The “Finance Reference Solution” (FRS) is a cross-section of the solutions we have provided over the years and satisfies those who want a standard solution and a quick start-up.
One of the core elements is that profit, balance, and liquidity are totally integrated. Profitbase FRS provides complete data sets for budgets and forecasts that are generated using built-in business logic together with extensive use of automation routines, user-defined conditions, and simulation parameters. Profitbase InVision lets you create countless scenarios of your choice where different parameters are changed to create the desired effect. These scenarios form separate data sets which are available for analysis directly within InVision FRS or via Profitbase’s reporting solutions.
InVision allows great freedom in the design of the user interface and logic, which means the solution can be adapted to all types of users, regardless of their technical understanding, expertise, or the industry they work in. This flexibility also allows the system to be adapted to the customer’s business model and requirements, rather than the customer having to adapt to the system.
Profitbase FRS is a full-scale financial planning and simulation tool for creating budgets and forecasts. FRS has integrated a full set of profit, balance sheet, and cash flow reports. The software provides the opportunity to simulate future scenarios and immediately see the full financial impact of different outcomes. Profitbase FRS contains a comprehensive library of standardised reports and graphical presentations and offers seamless integration with Profitbase Studio and other Profitbase tools and solutions.
The Profitbase Suite constitutes a common platform for a complete information strategy. It comprises financial planning, reporting and analysis. In the core, we find a Microsoft SQL Server Data Warehouse, which is set up and administrated in Profitbase Studio.
Profitbase FRS lets subsidiaries budget and forecast in local currency while the parent company automatically consolidates in another reporting currency.
Select the timeframe for the rolling forecast or separate this into one rolling forecast of 12-15 months, and one long-term forecast.
Profitbase FRS offers adjustability for every element, or group of elements, such as products, markets, commodities or operational expenses. This adjustability makes it easy to adapt plans to a world in a constant state-of-change. Simulation of scenarios gives instant access to the consequences of the adjustment in all reports. Adjustments do not change the basic plan.
Profitbase FRS offers standard budget and forecast reports based on accurate historical figures predicted throughout the planning period. Accounting figures are imported from your accounting system. More than 100 standard reports and graphs for reporting of budget, forecast and sensitivity are available. The solution also allows for the building of custom reports.
Profitbase FRS lets the user define the best and worst case in percentage for each element/element group. The elements can be products, markets, expenses or purchased goods. The settings are used to produce best and worst case scenario reports for the plan and gives a good basis for the preparedness for the best or worst possible scenario.
Profitbase FRS automatically generates a comprehensive Cash flow overview for base-, forecast budget or any other scenario. Cash flow can be reported and visualized graphically or tabularly.
Profitbase FRS is integrated with Profitbase Studio and other Profitbase solutions which allows for automatic update of financial data. Maintenance and upgrades thus becomes easy and requires little resources.
Define and maintain business and department structures, account structures, product overview, commodity and market structures. Making changes is easy through click, drag and drop.