You can easily change the reporting period and re-forecast based on actual results to quickly see the results.
After employees are imported, you can assign charge rates, productivity %’s and efficiency %’s to project the capacity. You can then compare the capacity with the projected income to assess the capacity v demand.
COCO SKIN LASER HEALTH
Magnifi makes staff planning simple because we can easily import employee information from Xero to make accurate projections that reflect whether our capacity will allow us to meet our financial targets.
It really is the most valuable management tool we have used. We can manage every aspect of our cash flow in line with realistic projections based on our actuals and we love the ability it gives us to tweak our drivers - such as staff productivity and hourly rate for an exact snapshot of the business.
I wish we'd had Magnifi years ago.
Lisa Relic, Director,Coco Skin Laser Health
As an accountant delivering business advisory services, it is important for me to delve into businesses to determine what drives them. Over the last 12 months I have been using the program Magnifi to assist clients in the preparation of financial forecasts. The beauty of Magnifi is that the projections are based on the key income drivers.
It is very powerful to be sitting with a business owner and change the key indicators to identify the significant improvement that can have on profitability. I am amazed at the benefits that Magnifi has delivered to not only myself as an advisor, but also to the business owners that we have implemented it with. I cannot recommend Magnifi highly enough.
Scott Brooks, Partner, Maxim Accounting
We’re constantly looking at ways to improve our business. When Craig showed us Magnifi and Zoho, it was a no-brainer. Accurate forecasting and critical business insights, allows us to make fast decisions and ultimately become a more dynamic and competitive business.
Will Creedon, Alloggio Group, Hotels & Property Management
BEYOND BUSINESS SOLUTIONS
We previously prepared our forecasts in excel and have tried other applications but struggled to find a good fit. We started trialling Magnifi and it’s a perfect fit for our business. Importing the employees from Xero not only helps with our labour cost projections we can also produce a capacity plan in minutes. We recently started rolling out Magnifi to our clients and the feedback has been excellent. Like us, they love the capacity planning and the dashboards present the data in a way that they can easily understand.
Melanie Foster, Director, Beyond Business Solutions