ASBO New York Partner Frontline (Forecast5) Presents Monthly Data & Analytics Tip

As we approach the halfway point of the 24-25 school year, this may be a good time to start reviewing how the district is trending against the budget set earlier in the year. With Guided Analysis, a NEW feature of Budget Management Analytics, it can help make this process easy but also insightful. 

Guided Analysis is an interactive dashboard experience that allows you to click on a variance, drill down, and diagnose areas within your budget that may need attention. For example, you may notice your Local Source revenue is less than what you expected this time of the year. With a few clicks, you can pinpoint the source(s) of the variance. Guided Analysis pairs nicely with our Assumption Assist feature, as you can then go into Assumption Assist and adjust future projections based on the variances found. You can also compare your current year activity with prior year-to-date information to help you see if any trends are emerging.

Utilizing our NEW Guided Analysis feature in Budget Management Analytics can give you important insight into your district's finances. Paired with Assumption Assist, it can help you to better project how the district will end the school year, leaving you with fewer surprises as you close out the year. 

Frontline (Forecast5) Resource: Budget Management Analytics (5Cast Plus)

For more information, please contact Brett Williams, bwilliams@frontlineed.com, 315.978.6010