User Guide › Financial Management › Revenue Forecasting

Revenue Forecasting

Revenue Forecasting uses predicted consumption information instead of the real consumption in order to calculate expected revenue. It allows the user to forecast the metric results in advance. Forecasting is performed only once for a contract version when committing the contract and exist as long as it is effective.

Forecast Revenue is calculated mainly for reports. In the Reports Wizard a new check box was added to specify if to include forecast in the report.

Financial reports that can be produced are Revenue reports such as Actual Revenue vs. Forecasted Revenue or Actual Revenue vs. Target. The real data for the past months is shown and the forecast for the coming months as well. It is also possible to see Business vs. Forecast or Operational vs. Forecast.

By default, Forecast is only available for these metric of types:

• Price Item - A financial metric type.
• Consumption - A Metric type that can calculate service level and send forecast events to the Price Item metrics.

Note: When setting a metric to be forecasted, it is required to implement a Forecast() function in the Business Logic formula of the metric.