FAQ: BI - What If - Cashflow & Forecasting Optimizer

Overview

Our latest What If - Cashflow & Forecasting Optimizer solution offers dynamic functionality and puts our users in control of predicting and creating a road map to the future. We've prepared a list of Frequently Asked Questions to help you make the best out of that functionality.

Video Tutorial

 Using What If Forecast

Why Should I Use the What If - Forecasting Solution?

All business owners have a vested interest in the health of their operation. What If serves as a "Go-To" resource for businesses to define a likely reality. In turn, giving them a head start to pursue the results they are looking for.

What Is a Model?

Models, unlike a typical historical report, are more like 'living reports.' They allow for user interaction and retain defined values while still constantly updating with real financial data. In this case, defined values are the What If values and What If Report Options Setup.

Why Should I Use Only One Entity Per What If Model?

Qvinci only supports the What If - Forecast across 1 entity since the true value of defining a “likely reality” can get lost in consolidated numbers. For instance, assume you have 15 QB files that represent 15 different locations and there is an account that is not common across all files. You will be making a forecast that impacts all 15 files even though 1 or more files may not have that account. Additionally, global adjustments across many files tend to hide the ability to monitor the results across each file.

My What If Model Is Not Under the Qvinci Gallery.

Where Did It Go?

Models are tied to the Entity used when it was first created. In order for the Model to appear, you must filter to the Entity used to access it.

While in the libraries:

Step 1. Navigate to the top of the page and click ‘Filter Entities’

Step 2. Filter to the entity used when the model was created and click the ‘Apply Filters’ button

Step 3. Search for ‘BI - What If - Cashflow & Forecasting Optimizer (N)'

Step 4. Click the  button located to the left of the title to show Model listing

Step 5. Find your Model under the drop-down and click ‘Use Model’

For more information on how to access your What If - Forecast Model, see How to Reopen Your What If Forecast Model.

Dollar Values Were Lost After I Reopened My Model.

What Happened?

To retain the integrity of its functionality, only certain sections of What If should be edited. Entering in anywhere other than said sections will be lost upon reopening the Model. 

For more information on how to properly edit your What If - Forecast Model, see Using What If Forecast.

How Often Should I Update My 'What If Report' Options Setup?

We recommend staying on the options you see fit. It is only necessary to make your selections one time after saving your Model. Any other changes after the fact can be made at your discretion.

Have Questions?
We're More Than Happy to Help

Schedule a call with Customer Success below, email us at support@qvinci.com or call us at 1-512-637-7337 Ext. 1 Available M-F, 7:30am-6:30pm CT and it is always FREE!

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