F&A Forecasting has, through Indicio, built a very interesting platform that is well in line with the automation of data-processing and forecasting that Prognoscentret AB wishes to get help with. The platform provides great possibilities to understand the dynamics between ”hard” and ”soft” data and adds the possibility to evaluate which type of modeling is particularly useful with shorter forecast-horizons
Joel Jönsson, Market AnalystPrognoscentret AB
The Indicio tool provides a very interesting possibility for companies to create better and more accurate raw material forecasts in a time when markets get more and more volatile. The forecasting tool can become a strong support instrument not only for different corporate functions such as Finance, Purchasing and Sales but also for the company management.
Thomas Nylund, VP Strategic purchasingVolvo buses
How to get started
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Import your data
You can import data by uploading an Excel-file, connecting to a database, data-feed or one of our data suppliers. Indicio further supports numerous ERP-systems, with whom our support can help you to set up an integration.
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Add indicators
You can easily add indicators that you think affects the forecasted variable. Indicio will analyze the relationship between the forecasted variable and the suggested indicator and use this relationship in order to increase the accuracy of the forecast.
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Send for review
When the statistical forecast is set, you can easily send the forecast to colleagues or experts for a review, enabling them to adjust the forecast. All adjustments are analyzed in retrospect in order to give feedback of the quality of historical adjustments to all reviewers.
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Report & Analytics
In order to allow continuous improvements of forecast methodology, the platform automatically gathers performance of all models applied and qualitative adjustments made on your personal feedback page. Here you will be given customized suggestions on how to improve forecast accuracy. By combining feedback on both qualitative and quantitative aspects of forecasting you will experience a tremendous improvement in both forecast accuracy as well as your personal abilities as a forecaster.
