Why use Cadre for Forecasting?
Here at Cadre Advisory, we have many years of experience in creating financial forecasts for our clients, being an area in which we excel in. In order to create an accurate financial picture of your business, we will draw on historical accounting and sales data as well as external market and economic indicators. This will enable us to predict what will happen to the company in financial terms.
What are Financial Forecasts used for?
There are many reasons businesses want to conduct financial forecasts for their business. Whether it be for internal meetings to distribute certain budgets or to get a general idea of where the business is heading to determine what dividends directors can take in the future, having a clear vision and idea of what your business can achieve is beneficial on many levels. Having a financial forecast will not only allow your business to prove it has a great future ahead of it to a lender but will also identify opportunities and gaps in which your team must understand and acknowledge. For instance, a financial forecast will illustrate whether you not you can afford to invest in new equipment, staff or need to cut the purse string for the coming financial year.
Looking for Finance Options?
If you are looking at the finance options available to you and your business then it is likely that you will need a financial forecast. This is due to the fact that banks, lenders and investors will want to see that you can generate income in order to either repay what you have borrowed or add value to an investment made. If you would like the Cadre team to create a Financial Forecast for your business, we would be more than happy to discuss this with you.