In today’s fast-moving business world, finance leaders must make accurate decisions amid constant uncertainty. Yet outdated forecasting often leads to costly mistakes—with the average company facing 20–50% forecast inaccuracy, resulting in lost revenue and inefficiencies.
TMS Consulting helps businesses overcome these challenges with modern planning and forecasting solutions—replacing guesswork with insights and building stronger financial futures.
The Cost of Inaccurate Forecasting
Forecasting errors are more than just numbers on a spreadsheet—they translate directly into missed opportunities, revenue loss, and operational inefficiencies. Inaccurate demand planning can cause stockouts, overproduction, or poor cash flow management. For finance leaders, the ability to plan with confidence is not a luxury, but a necessity to stay competitive.
How Modern Finance Systems Empower Leaders
Modern financial planning platforms provide more than just number crunching. They offer real-time data visibility, connected workflows, and advanced analytics to ensure forecasts reflect reality. By unifying planning, forecasting, and reporting, finance teams can pivot quickly when conditions change, reducing risks and capturing opportunities faster.
10 Ways Connected Finance Improves Planning
Here are ten proven ways connected finance systems help leaders build a stronger business future:
- Real-time data visibility across planning, forecasting, and consolidation.
- Up to 90% faster closing, consolidating, and reporting.
- Go live in weeks, not months—with a no-code approach that minimizes disruption.
- Pre-built, customizable templates that work straight out of the box.
- Accelerated decision-making through AI-infused planning and scenario modeling.
- Up to 50% reduction in audit time thanks to audit trails and compliance controls.
- 50+ system integrations, from ERPs to data sources.
- More accurate reporting powered by AI/ML analytics that flag issues early.
- Up to 20% improvement in forecast accuracy.
- A connected, holistic view of financial health across the organization.
These capabilities don’t just optimize finance processes—they empower leadership to make smarter, faster, and more confident business decisions.
Why Confident Planning Matters
Confidence in planning translates into resilience in execution. Companies that align financial, strategic, and operational goals can better manage uncertainty, adapt to market changes, and reduce waste. By improving forecast accuracy and speeding up reporting cycles, businesses unlock the agility needed to drive sustainable growth.
Conclusion
The future belongs to organizations that can transform raw data into actionable insights. By adopting connected finance systems, companies can reduce forecasting errors, improve accuracy, and lead with confidence. In a world where the average company still suffers from 20–50% forecast inaccuracy, forward-thinking leaders have the chance to turn planning into a powerful driver of growth and resilience.
At TMS Consulting, we empower businesses to embrace this transformation. With our proven expertise in finance systems and digital innovation, we help organizations improve forecasting accuracy, drive efficiency, and achieve sustainable growth. Let’s plan with confidence—together.
References :
KetteQ, The Hidden Costs of Forecast Inaccuracy and How to Fix Them
Anaplan, The next era of financial planning and consolidation
