Developed by smartsoftware, the Fee Forecasting module provides a data-table to forecast future billings on active projects, and pipeline opportunities.
Active listings can be filtered for data entry by project leader, principal, practice, company as required for commercial accountability.
This forecast data can be compared with planned effort from VantagePoint Project Planning to identify areas of under and overcapacity expressed graphically. Additionally, this data table is downloadable for manipulation in MS Excel (if required).
The module also facilitates a three-way comparison of revenue with budget, forecast and planning data which can be simply incorporated into a graphical dashboard report for convenient management review.
Using the billing forecast data, accumulated client and project accounts receivable “collection days” history, and accumulated debtor balance, the Fee Forecast module can be further extended to provide a cash receipt forecast. Forecast periods can be filtered by week, month and year. A “what-if” function can be applied to this cash flow receipting based on optional actions to accelerate accounts receivable days.