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  • Writer's pictureDan Morales

Financial Performance Forecasting for Projects and Portfolios with Smartsheet and Integration - Solution Design Overview 3

This is the third post in a series of Smartsheet solution design overviews that focus on use cases related to collaborative financial management to inspire Smartsheet solution creators in their future solution designs. If you are seeking inspiration for other collaborative financial management solutions in Smartsheet, you can find them linked here.


In this video you will see:

  • Financial Performance Forecasting use case defined.

  • Common challenges collaborators face.

  • A Smartsheet solution design that can address these challenges.

  • Where integration supports this use case.

Crystal ball gathering dust? Financial forecasts crumbling around you? You're not alone. Navigating the murky waters of financial performance forecasting can be a very challenging task, leaving teams drowning in bad data and uncertainty.

Upgrade your forecasting with Smartsheet. Say goodbye to outdated forecasting and budgeting methods and adopt collaborative and data-driven insights to drive informed decisions, mitigate risks, and increase profitability.

Watch our deep-dive video "Financial Performance Forecasting for Projects and Portfolios with Smartsheet and Integration". This isn't just a theoretical overview; we'll dissect best-practice real-world solution designs and discuss the challenges Smartsheet and integration can help businesses overcome.


Video Recap

The challenges of inefficient forecasting processes

  • Manual Effort: Those accountable for tracking budgets can waste valuable time on when manually entering data, tracking expenses, and performing forecasting calculations.

  • Data Silos: Disjointed systems hinder collaboration between budget custodians and financial stewards, leading to disconnected budgeting and forecasting.

  • Lack of Visibility: Financial stewards lack real-time insights into project spending and overall portfolio health, hampering proactive decision-making.

  • Inaccurate Forecasting: Fragmented data and manual processes lead to unreliable forecasts, increasing risk of budget overruns and missed goals.

Where Smartsheet can help

By utilizing Smartsheet and integration, you can establish a seamless system for tracking expenses, generating forecasts, and summarizing reports and dashboards across the business that starts with accessible data and ends with precise and accurate forecasting views.

Here's how:

  • Centralized Platform: Integrate project data, expenses, and forecasting into a single platform for seamless collaboration and shared visibility.

  • Automated Workflows: Streamline data entry with integrations, reduce manual calculations with formulas, and trigger notifications for proactive risk management.

  • Real-time Reporting: Empower financial stewards with dynamic dashboards to monitor project spending, track portfolio performance, and identify trends in real-time.

  • Accurate Forecasting: Leverage historical data, integrated insights, and forecasting tools to build reliable financial projections and optimize resource allocation.

  • Data-Driven Decisions: Gain comprehensive data visualizations and reports to analyze trends, identify cost drivers, and make informed decisions for improved profitability.


Looking for custom design guidance and recommendations?

Financial performance forecasting is just one of many workflows Smartsheet can help support. Click here to take a free Financial Integration Efficiency Audit and discover where else you can streamline your financial management workflows, not just for forecasting but across all collaborative financial management workflows.

This free assessment will identify areas for improvement and provide actionable recommendations to help you achieve maximum efficiency and profitability.

After completing this complimentary form you will receive a comprehensive evaluation of your business's financial management workflows, including recommendations for leveraging Smartsheet and improvement areas in team collaboration and data integration.

The SoftwareX Financial Management Workflows for Financial Collaboration in Smartsheet


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