CFO Tools offers a web-based financial forecasting and reporting system that makes a quantum leap over existing spreadsheet solutions.

Although spreadsheets have been used for years by financial professionals because of their flexibility and ease of use, they have also been severely limited by lack of adequate controls and documentation, which often resulted in embarrassing formula errors. In addition, they didn't work well in a multi-user, collaborative planning environment which most companies desire.

• Preloaded Budget accounts and Financial Statements
• Bookings, Invoicing, Revenue and Deferred Revenue tracked separately for unlimited products.
• Expense forecasting made easier by extensive use of global assumptions.
• Actual results that can be uploaded for comparison with forecast and integrated into the forecast.
• Allows collaborative planning with other managers, as well as providing a permanent log of changes to the forecast.

"When preparing financial forecasts, there is a tendency to over-work the accuracy of the forecast, but in the process lose perspective of the “Big Picture”. We have tried to develop a tool to keep the planning process simple enough to maintain the “Big Picture” and yet provide enough depth to produce accurate GAAP financials.”

Paul Chesterman, founder of CFO Tools, Inc., former Corporate Controller of Apple Computer and CFO consultant to more than 100 Silicon Valley start-up companies over the past 13 years.