ForecastX Wizard is a software that makes detailed and accurate business forecasting easy it combines a powerful statistical forecasting engine with Microsoft Excel to give team an effective blend of forecast accuracy, ease of use, and flexibility.
I like the fact that my team can quickly create forecasts in Microsoft Excel without having to learn any new tools or software. It's also very simple for me to update the forecasts when needed. The tool does not have a lot of bells and whistles. If you are looking for something more robust then this might not be the right solution for you.
We're using ForecastX Wizard to create our monthly sales forecasts. It has allowed us to easily share them with our managers so they can make decisions…
Pros
Quick creation at end user level just select an entity from drop down menu, fill out data points (in various ways), click submit.
No need install addons/apps; easy exporting into excel format is adequate enough
I like the ability to customize. It allows me to use formulas to create my own custom report for specific users / departments. The platform is very robust and customizable. There are some tools/ features (e.g. creating a budget) that don't appear to be available yet.
At this time, there is no way in the current version to have a user select one or more budget amounts and then have the system automatically generate a report based upon those selected budget amounts. Instead you must manually…
Pros
Customisable
Data entry can easily performed with Excel integration.
Easy data transfer from excel just click 'import' button!
Can link directly into ERP Systems via ODBC connection which reduces errors due incorrect formatting etc.Cons : Not much really but it could do wthout having an annoying pop up message everytime someone logs onto their PC
I like how you can easily add multiple variables for your forecasts in this program! It's very user friendly - just have fun using all its features!! You're able to create complex formulas which are used by other users as well (and they don't always understand what those calculations actually mean). This tool has really helped us track our budgets better than before & plan accordingly- plus we've also been given more confidence when making decisions at work or within my organization since being
It’s very user-friendly as I expected from any product named "wizard/forecasting X thingy…etc”. Easy setup! The software seems not so flexible when adding more models or new ones but you can have some other programs installed too (MS Office) and still run this program. A must if your data looks like mine – lots in text form, which cannot be stored natively into one database table otherwise no way to add formulas later when we receive newer versions of our historical production results for…
Pros
Very easy set up
Fast execution speed with reasonable memory consumption even though it creates many files along processing process.
Great flexibility regarding input options including Excel spreadsheets where each row is treated separately instead than creating "unnecessary" tables within spreadsheet itself thus reducing risk that something gets lost by mistake.
Good documentation available online via help tab included inside package folder after installation; also accessible directly through desktop