ForecastX is an Excel plug-in that produces accurate statistical forecasts. The tool gives you unparalleled statistical power along with the infinite flexibility of Excel, while remaining incredible easy to use.
Industry leading Forecast Accuracy
Our proprietary best-fit algorithm PROCAST consistently outperforms the competition and delivers the most accurate forecasts in the industry
Easy and Intuitive
Forecasting in Excel simplifies data formatting and shortens the learning curve, making it easy and intuitive to create your first forecast.
Helpful Training Materials
While ForecastX is easy to use, we do offer a range of training events, webinars, tutorials and video material to ensure you take full advantage of the tool.
Build accurate forecasts in 10 minutes or less
Is your forecast due in ten minutes? No problem! Simply add your historical data to Excel and click the ForecastX button. ForecastX will automatically interpret your data and pick the best forecasting method from the extensive list of forecasting techniques to instantly create an accurate forecast.
Industry leading forecast accuracy
Our proprietary best-fit algorithm PROCAST consistently outperforms the competition and delivers the most accurate forecasts in the industry. ForecastX competed against the other established business forecasting software companies at the M3 competition held by INSEAD University. ForecastX crushed the competition in five of the six categories, while taking second place in the remaining category, narrowly missed winning by .001%. Since the M3 we have worked tirelessly to enhance our product and consolidate our position as the most accurate forecasting software on the market. With the enhancements, we have made to our product we are now the undisputed leader of the forecasting industry.
Measure the effect of events and promotions
Promotions can accelerate new product acceptance and drive sales. But how do you know which promotions are effective for your bottom line and how do you plan for them in the supply chain? Fine-tune the marketing mix to focus on the most profitable programs and improve the performance of others. While most companies don’t know which promotions are profitable and which are not, ForecastX focuses not only on setting plans appropriately, but also on measuring and analyzing their results. Create forecasts for new products Forecasting new products can be a challenge with little or no historic data. However, ForecastX lets you utilize sales data from similar products to analyze patterns, creating an accurate baseline forecast for your new product. Are you experiencing intermittent demand? We have a solution for that too!
Build the right amount of inventory
Inventory is one of the largest capital investments every business makes. Today’s demanding consumers won’t tolerate stock outs and manufacturers need to turn inventory into cash. Businesses that produce physical goods can use ForecastX to inform activities at all levels of the business. Foresee your inventory levels at any point and get recommended reorders based on specific safety stock parameters and service levels for each product. Use DRP to improve service levels and make your customers happy.
Easily export and share your results
ForecastX offers powerful and versatile reporting to analyze and present your forecast results. Choose from a range of report types, designed to handle diverse challenges for users at all experience levels. Need to integrate ForecastX with your ERP system? No problem, ForecastX offers powerful exporting tools to integrate your forecast with any ERP system.