Workamajig's revenue forecasts provide a collaborative forecasting process that enables the automatic creation & updating of financial budgets. The first step in the process is to generate a baseline revenue forecast from data stored in Workamajig. The following will be considered when a revenue forecast is created:
- Opportunities’ financial data
- Project estimates
- Project billing schedules or project schedules
- Recurring invoices
- Campaigns (billing campaign budget)
- Planning Projects <insert link to Planning Project - OTHER- Revenue Forecast Link>
These transactions will be classified as one of the following:
- Potential projects
- Approved projects
- Potential campaigns
- Approved campaigns
Once a revenue forecast is generated, manual updates can be made and sent out for further input and approval from the account manager responsible. Security rights ensure that the data is accessed, updated, and approved by appropriate account managers or users. Once the revenue forecast has been finalized & approved, a financial budget can be created or updated from the revenue forecast
Before using this feature, there are several areas of the system to set up before you can include specific actions to be included.
Step-by-step instructions on adding a new revenue forecast to the system.
With the forecast entered, you can now manage and edit them.