Forecasting

When your institution is licensed for the Forecasting module, selecting this menu item gives you access to numerous different forecasting options based on your user permissions.

The available options are:

Summary
Use the Forecasting Summary page to enter high-level forecast assumptions, which automatically get distributed to detailed accounts. Use this approach for a quick and easy forecast that gets applied to all accounts.
Detail
Use the Forecasting Detail page for most forecasting options where you apply account-level forecast assumptions.
Key Rates
Use the Forecasting Key Rates page to enter rate forecasts for defined key rates.
Supplemental Data
Use the Forecasting Supplemental Data page to apply forecast assumptions to statistical data, off-balance sheet accounts, tax rates, and more.
Consolidations
Use the options on the Forecasting Consolidations page to either consolidate branch-level forecasts to the top organization or distribute top-level forecast data to the branches and centers.
Advanced Quick Forecast
Use the Advanced Quick Forecast page to apply a user-defined Quick Projection template to multiple branches and centers simultaneously.
Liquidity Risk
Use the tools on the Liquidity Risk page to measure your forecasted liquidity position, which is a vital part of determining the risk that resides in your balance sheet.
My Responsibilities
Use the My Responsibilities page to view the status of your assigned organizations, which can be Pending, In Progress, Submitted, or Approved. If you are set up as a reviewer of other people’s budgets, then you also see the status of their assigned organizations.
Tip: For an overview of the Financial Performance Suite (FPS) Forecasting functionality, review the FPS Forecasting and Financial Reporting Training Guide.
  • Forecasting Summary
    The Forecasting Summary page allows you to enter high-level forecast assumptions to all accounts at the summary level, which are automatically distributed down to detail-level accounts.
  • Forecasting Detail
    Most forecasting activities take place on the Forecasting Detail page, where account-level forecast assumptions are applied.
  • Forecasting Key Rates
    The Forecasting module makes it possible to forecast the rates for national prime, treasury rates, and any other external key rates that are set up in the model.
  • Forecasting Supplemental Data
    Use the Forecasting Supplemental Data page to project items such as tax rates, delinquencies, charge-offs, recoveries, and all other statistical data.
  • Consolidating Forecasts
    You can consolidate projections to the top organization (bottom-up) or to the branches and centers (top-down).
  • Liquidity Risk
    The Liquidity Risk tool uses your forecast assumptions to measure your liquidity position and identify risk.
  • Project - Forecasting Techniques
    You can create projected values in a few ways. You can enter values manually in projected time frames and use a combination of the following forecasting techniques to make the process faster.
  • Distributed Forecasting Training Videos - Administrator Tasks
    These training videos explain several of the tasks that administrators must complete when setting up distributed forecasting for each budget year.
  • Distributed Forecasting Training Videos - End User Tasks
    These training videos explain the basics of using distributed forecasting to create your budget.
  • Distributed Forecasting Training Videos - Review and Approval Process
    These training videos explain important aspects of the budget review and approval process.
Parent topic: Financial Performance Suite
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