Many individuals will find IFP an invaluable tool. Example applications are as follows:
Finance directors
- Analysis and monitoring of actual/forecast trends and variances in key product sales and P&Ls.
- Profitability analyses. Use as an early warning system with KPIs
Financial analysts
- Production of regular reporting packages.
- Detailed analysis of variances between actual and forecast sales and expenses.
Product management
- Analysis and monitoring of actual/forecast trends in sales and expense allocations for selected products.
Market analysts
- Analysis and forecasting of sales trends, market sizes, shares and EIs.
- Performance measurement by region, PSR
Logistics managers
- Creation and monitoring of demand forecasts and associated requirements plans. Measurement of forecast accuracy.
Business unit management
- Analysis and planning of sales and expenses, business unit P&Ls.
- Measurement of product profitability and key ratios.
HR Managers
- Planning of employment costs by person
- Analysis of actual variances vs. forecast costs