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If you want to take your financial future to a business plan from a wishlist, you may need revenue forecasting software . As the name suggests, this software gives an estimate of your revenue over a fixed time. It closely analyses the performance of your business and predicts its future revenue. The revenue forecasting software gives historical reports that reflect the strengths and weaknesses of the business. There are three steps of revenue forecasting:- 1.     Analysis- This involves a profound study of the numbers in your business. The step indicates where your finances are being used. 2.     Management- This step comprises maintaining the income and expenses of the business. 3.     Strategy- This covers strategies to cut down expenses and develop sources of income. Benefits of Revenue Forecasting Software Predictive sales forecasting by the software provides the following services and benefits:- 1.     Reg...

Currently, the problem of sales forecasting and inventory management is no doubt adverse in the market. What businesses are lounging for is useful  revenue forecasting software   and the different  sales forecasting tools   to sort their Inventory out. Generally, there are two problems associated with inventory management issues that come up due to the unrelated out-of-stocks, and that is:    - Unexpectedly high sales   - Overstocks happening due to low sales     Hence, it is essential to focus on some basic math:  Beginning Inventory + Merchandise Receipts – Forecasted Sales = Ending Inventory .    This means that as and when the independent retailer focuses on exactly how much to buy, the retailer immediately starts looking at how much has been brought in the past. Hence this is the reason why the retail math needs to work, and it comes something like this -     Ending Inventory + Fo...