Tech news: Jirav rolls out Jirav Intelligent Forecasting


Tech news: Jirav rolls out Jirav Intelligent Forecasting

Financial planning and analysis solutions provider announced the official release of its solution, following a soft launch earlier this year. JIF leverages artificial intelligence and machine learning to automate the forecasting process, helping firms quickly develop forward-looking financial plans based on historical data. Among other things, users can assess their company's progress on a monthly basis and make necessary adjustments to meet their annual targets. While JIF can instantly generate forecasts with a single toggle, a driver-based model built by skilled FP&A staff is still appropriate for some clients. Firms have the option to customize forecast methodologies for different departments or ledger accounts in a business. Meanwhile, collaboration and Sharing features allow users to equip the team with these targets as well. The tool can also generate a P&L, balance sheet, and cash flow financial statements within seconds. The tool also sports reporting and dashboarding capabilities to reveal insights and answer critical questions, as well as a library of ready-to-use and customizable reports. Users can also access risk-based scenario planning and financial modeling capacities as well as rolling forecasts, cash flow forecasting, and workforce planning tools.

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