Castaway Forecasting is a powerful and flexible 3-way budgeting, forecasting and business modelling tool. Our comprehensive set of reports and fully customisable dashboards give SMEs and their business advisor the data and insights to confidently make the right business decisions.
As the pace of change and the level of uncertainty increases, Castaway makes it easy to model the financial impacts of a whole range of scenarios, months and years in advance. Being able to model the financial impact of any decision in advance makes all the difference in successfully improving cashflow and growing business value.
Castaway was developed as a standalone tool, giving you the flexibility to develop models completely within Castaway without needing to be linked to any accounting package. So, it's easy to model an idea for a new business, or to do due diligence on a potential acquisition. However, if you are using MYOB AccountRight or MYOB Business, the great news is that our integration means you can import a chart of accounts and opening balances or you import actuals data each month with just a few button clicks, saving time and hassle.
Castaway's 3-way modelling approach means you can always be certain that your Profit & Loss, Balance Sheet and Cashflow reports are in synch. With double entry accounting logic behind every number, you can be confident that the numbers are right, every time.
Every account (or element) you create in Castaway has its own set of independent properties, which means you can create models that are much closer to reality and so more reliable for making business decisions.
The Castaway chart of accounts can be customised to suit your business analysis needs. Departments, subtotals and sub-sub totals are easy to create. The MYOB AccountRight and MYOB Business integrations let you map your MYOB chart across to the Castaway chart, no matter how different they are. Our Drivers elements encourage you to bring non-financial data into your forecast to drive budget numbers and also to build custom formulas on reports to show KPIs and other important metrics.
Our Consolidations module let you create complex consolidations across multiple entities with different charts of accounts in just a few button clicks. Eliminations, minority interest and goodwill calculations are all taken care of as well.
There are plenty more features packed into Castaway, so we invite you to take a look for yourself. To get started with a free 30 day trial, click through to www.castawayforecasting.com/castaway-evaluation.php, or email your details to firstname.lastname@example.org