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Forecast Pro

by Business Forecast Systems · Since 1986
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ActiveAvailable globallyCloudOn-premise
Quick facts
VendorBusiness Forecast Systems
Year launched1986
StatusActive
Location465 Waverley Oaks Rd. Suite 318 Waltham, MA 02452 USA
Countries servedGlobal
Languages10
Integrations
Free tier
Free trial
Contact salesYES

About Forecast Pro

Forecast Pro is a forecasting software from Business Forecast Systems that provides accurate demand forecasting for various industries. It combines quick tour features, capabilities, and product comparison tools so users can make informed decisions. This software supports multiple forecasting methods and offers simplified implementation to ensure efficient use. Designed for business forecasters, Forecast Pro utilizes modern technology to deliver reliable forecasting insights. Its user-friendly interface allows for easier navigation and better accessibility to essential tools. Key capabilities: quick tour capabilities product comparison forecasting methods implementation Best for: business forecasters that need accurate demand forecasting to improve decision-making.

Forecast Pro by Business Forecast Systems is a specialized statistical analysis software developed to help organizations streamline and optimize their forecasting processes. Its core objective is to deliver accurate, reliable forecasts using time-tested statistical methods while remaining accessible to a wide range of users—from novice forecasters to seasoned analysts. The software is particularly favored by business forecasters, demand planners, supply chain analysts, and financial planners who rely on high-accuracy predictions to make data-driven decisions. Forecast Pro’s key features include automatic model selection, advanced time series forecasting, exception reporting, hierarchical forecasting, and the ability to manage large-scale forecasting projects across multiple product lines or locations. The user interface of Forecast Pro is pragmatic and functionally driven. Though not flashy in appearance, it is well-organized, with intuitive navigation that allows users to move efficiently between data input, model configuration, output analysis, and reporting. The software uses a series of tabs and windows to guide users through the forecasting workflow. Data can be imported with ease, and results are clearly displayed through charts, graphs, and detailed reports.

Pros & Cons

What users like
  • +High Accuracy: Combines AI, ML, and statistical methods for reliable forecasts.
  • +Easy to Use: User-friendly interface, quick to learn, and fast implementation.
  • +Versatile: Applicable across virtually all industries.
  • +Strong Support: Praised for responsive customer service and educational resources.
What users flag
  • Performance with Large Data: Can be slow when processing very large datasets.
  • Reporting Limitations: Some users find reporting capabilities basic, making communication to senior leadership challenging.
  • Supply Side Details: More comprehensive on demand planning; supply side details can be basic.
  • Initial Training: While easy to use, effective utilization of all features may still require some training.

Features

Key features

AI, Machine Learning, and Statistical Forecasting Combined
Forecast Pro integrates these cutting-edge technologies into a single, easy-to-use package, utilizing a "best pick" algorithm to automatically select the most appropriate method for accurate forecasts.
Off-the-Shelf & User-Friendly
Designed as a ready-to-use solution for business forecasters, emphasizing ease of use and quick implementation, allowing users to be "up and running in just days, or even hours."
Broad Industry Applicability
Can be used across virtually all industries, making sophisticated forecasting accessible to a wide range of businesses.
Improved Planning & Cost Reduction
Aims to help companies improve planning, cut inventory costs, and decrease stockouts by enhancing forecast accuracy.

Additional features

Designed for Business Forecasters
Specifically caters to the needs of professionals involved in business forecasting.
Powerful & Accurate
Provides robust forecasting capabilities.
Quick to Implement
Emphasizes rapid deployment and usability.
Cutting-Edge Technology
Integrates AI, machine learning, and statistical forecasting.
"Best Pick" Algorithm
Automatically selects the most suitable forecasting method for optimal results.
Software Development Kit (SDK)
Offers a seamless forecasting solution that generates accurate statistically-based forecasts for integration into other systems.
Educational Resources
Provides forecasting education alongside its software.
Global User Base
Used by over 40,000 users worldwide.
Comprehensive Forecasting Process
Handles demand forecast accuracy as its primary function.
Reduces Inventory Costs
A key benefit derived from improved forecast accuracy.
Decreases Stockouts
Helps prevent stock shortages.
Quick Tour Available
Offers a brief demonstration of the software.
Free Trial Available
Users can download a trial version.
Live Web Demo Available
Provides personalized demonstrations.
Event Participation
Hosts free webinars and online workshops on business forecasting techniques and application.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
10
Interface languages
9
Billing currencies

Interface languages

EnglishFrenchGermanSpanishItalianPortugueseRussianJapaneseChinese (Simplified)Chinese (Traditional)

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇨🇦CAD🇦🇺AUD🇯🇵JPY🇨🇳CNY🇮🇳INR🇷🇺RUB

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