Essatto for Labour Forecasting
For any organisation in the business of managing labour based services it is important to be able to produce labour forecasts based on a range of variables. Things such as the effect of an increase or decrease in pay rates, superannuation %, workers compensation, on-costs and head-count on your profit & loss, balance sheet and cashflow.
Forecasting variables can be attributes either individually (per named resource) or across a division/centre/location, role or client which means that you have control over the level of detail and complexity of forecasts. There is also the time dimension in which you can forecast the impact of increasing/decreasing labour resources in future months. Finally the key benefit of labour forecasting is the ability to compare the actuals against the forecast and based on this either retain or adjust the forecast according to the base position.
Essatto Versions
How are you currently generating your labour forecast analysis? Unless you are using an expensive enterprise system you are most likely using a complex array of spreadsheets that in themselves are both time-consuming and risky. Are you able to quickly create forecasts for scenarios such as pay rate rise/cut, adding new staff in 6 months, effect of % change in workers compensation or increase/decrease in labour on-costs?
Behind the Essatto user interface sits a server based enterprise database that is scalable and capable of managing both relational and cube-based queries - which means that once your data is in Essatto you can easily & quickly manage and report due to the underlying advanced query structure. Reporting & analysis is delivered via a web interface with the additional ability to link straight to Excel with pivot tables reflecting the base data structure.
The forecasting layer is using the underlying source data as the foundation to add meaningful analysis through the creation of scenarios and then running these scenarios against the base position so that you can see the variance on your profit & loss, balance sheet and cashflow position.
Labour Forecasting used by...
Essatto Analytics
Essatto Software specialises in the development of industry based Reporting, Analysis and Forecasting Applications by combining the concepts of data warehousing, business intelligence and performance management and delivering these capabilities in one integrated environment using a world-class platform.