%20(1)%20(1)%20(1)%20(1).png)
Forecast and Predict
Improve the Profit & Loss forecast accuracy.
Forecast and plan with ease
No matter how many work hours have been spent on a forecast, we all know that predicting for 12 months is challenging. A Profit and Loss forecast becomes much more valuable when compared to actual results.
Improve forecasting accuracy
Comparing and analyzing the Profit and loss forecast against actual outcomes helps a company steer in the right direction. In practice, comparing forecasts to actual data can also improve accuracy.
Predict with automation
Never start forecasting from scratch with Riskrate's AI forecast. Run an AI profit and loss forecast with seasonal variations with a click, edit it, or compare it to your plan.
Budget
The Budget is company's goal for the financial year.
Budget and plan with ease
You can think of the budget as the company's goal for the 2025 financial year. Budget outlines the key objectives and financial metrics the company aims to achieve over the next fiscal period.
Budget follow-up
The board approves the budget, effectively providing the management with a framework to operate within. However, from a business perspective, the challenge with budgeting is that it is created as a one-time plan for the entire fiscal year, making it less predictable as the year progresses.
Budget with automation
You can easily create a budget in Riskrate by uploading data from the previous financial year as a starting point or starting from scratch. Also, take advantage of the ready-made cash flow forecast based on the budget or the profit forecast.
Actual Results are Facts
The actual results show how the business has performed.
Follow-up result in realtime
It’s completely normal for there to be variations between profit and loss forecasts, budgeted figures, and actual key metrics. However, a significant or consistent negative deviation is a sign that immediate action is needed.
React instantly
A budget or forecast has no value if changes are not acted upon. The purpose of comparison is not only to identify differences but also to understand the root cause of these changes
Make better decisions
With Riskrate’s report gallery, you can select a ready-made, customized report for your client that provides an overview of the company’s financial situation for the entire fiscal year. The report’s traffic light model (green, yellow, red) highlights which areas of the business may be facing financial challenges.
Rolling forecast
Rolling forecast is a management tool.
Forecast and plan with ease
Many entrepreneurs use a rolling forecast alongside their budget. A rolling forecast is a management tool with a forecasting period ranging from three to twelve months, depending on the business model.
Improve forecasting accuracy
When actual results are combined with the rolling forecast, the CEO gains an estimate of the company’s full-year performance.
Forecast with automation
With Riskrate, you can generate a forecast using AI. AI can detect hidden risks and opportunities that might otherwise go unnoticed, this is especially useful when working with a new client.
Get Started
Budgeting and forecasting teach you a lot about your business.
Creating a forecast or budget for the first time is the most challenging part, especially if you don’t have data or a reference point to work with.
However, with Riskrate, you can get started right away: you can generate a rolling profit forecast with AI, upload past actual results, or start from scratch. This makes it easier for first-time users.
Budgeting and forecasting teach you a lot about your business and help you address deviations immediately. When creating a new budget, keep past variations in mind to improve forecast accuracy each time.