Market volatility is creating significant challenges for CFOs, FP&A and planning professionals
This custom insurance foresight is created by firstly correlating a predetermined insurance KPI (e.g. claims demand) against millions of model ready macroeconomic, industry, trade and consumer leading indicators from thousands of sources such as Bureau of Economic Analysis, World Bank, Fed reserve, IMF, and Google Trends. The identified indicators are then injected into Prevedere’s econometric modeling platform, which creates, simulates and backtests thousands of models via machine learning algorithms.
The most predictive model generates monthly, quarterly and annual forecasts. These are economic baseline forecasts, which are then blended with internally generate forecasts. The result is a market-validated final forecast which significantly reduces forecast misses, which results in a range of cost efficiencies, go to market opportunities and competitive advantage.
Better business outcomes
Reduce risk, drive growth with better financial modelling.
Drive price and promotion with better demand models.
Spot cost and supply-chain risks before they materialize.
Stay ahead of changing markets to react faster than your rivals.
Optimize sales performance with market-validated forecasts.
Prevedere APP combines extenal data and predictive AI modeling to deliver more detailed, accurate and intelligent planning. It gives CFOs, FP&A, supply-chain and category-management leaders the insights they need to make the right decision, fast.
Prevedere includes its own global indicators database and an Advanced Predictive Planning (APP) platform. Our data scientists and economists work with you to create market-leading short-, medium- and long-term prediction models.
APP identifies unique external drivers and leading indicators for each category in which your brands operate. This enables increased validation and accuracy in predicting both customer demand and total market demand. That’s why Kraft-Heinz uses Prevedere’s total category economic-baseline forecasts as a starting point for all planning cycles, whether monthly, quarterly or annually.
Improve overall planning accuracy
Identify the true leading indicators for your lines-of-business
Use advanced AI to build the best-fit models for your business
Increase the predictive accuracy of your planning by up to 20%
Monitor prediction data to detect market shifts before they happen
Prevedere forecasts layer seamlessly with existing planning platforms
More valuable planning outputs
12-18 month rolling forecast:
improve short-term planning for individual customer demand or the total market demand. Blending internal and external monthly forecasts for greater accuracy and agility.
2-5 year forecast:
quantify the impact of key economic and demographic trends on your business, so you can validate investment and working-capital decisions based long-range projections.
Insurance companies use this to blend internal drivers with external drivers, to generate more holistic forecasts. This is similar to marketing mix modeling.
Download the FREE Prevedere guide
Find out how brands just like yours have used Advanced Predictive Planning to grow their business.
Explore Leading Indicators in Insurance
Download the Innovation Guide to see how additional external planning insights can improve business performance.
Customer showcase: Kraft Heinz
Kraft Heinz uses APP to improve its business planning, cut waste, reduce overheads and boost profits, even during market volatility.
Our customer stories
We help Kraft Heinz forecast each of their major food platforms and identify which economic drivers impact their business.
We help Cooper Tire (Good Year) to forecast demand for their brands/products to optimize their supply chain needs.
We help Dollar General understand their target market drivers, identify growth opportunities, and deliver forecasts for their strategic planners.
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