jormond

Revenue Forecasting

Discussion created by jormond Expert on Jun 26, 2012
Latest reply on Jun 27, 2012 by jormond

I'm in the process of looking for some new ideas to replace our current Sales Board and revenue forecasting model...and figured this would be a good place to gather ideas.

 

The basic premise of what I am doing:

  • Signed contracts will be entered with Start/End dates.
  • Records in a separate table for invoice line items will be generated. 1 Record for each line item, for each period of billing ( 1x per billing period )
  • Multiple markets all entered into the same solution.
  • Some products are billed monthly, some billed every 4 weeks ( and no that is not the same thing ).
  • Forecasts need to be generated by Market and by Product and by Month...for the next 12-24 months.
  • Some items are pre-billed ( example: billed in July but revenue is recognized for actual revenue period, possibly Aug or Sept etc. )
  • Expiring contracts are forecasted to renew at the current rate.

 

I know there is a lot there, but I'm not as much looking for an answer as I am the ensuing discussion. In the end, I'm sure we will move in a direction that will combine the many ideas that come from the discussion. And there will likely be some techniques that come up that I may need some tips on implementing.

 

Thanks Everyone for your input!!!

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