Dog Point Vineyard: Perfecting Wine & Stock Forecasting with Forecast 5

Dog Point Vineyard: Smart Stock Forecasting with Forecast 5

Dog Point Vineyard, established in 2002, is a renowned winery located in Marlborough, New Zealand. As a vertically integrated business with multiple cost centres, the vineyard faced challenges in producing accurate and consolidated financial forecasts.

💡 The Challenge: Navigating Complex Financial Structures

Managing a diverse business with various divisions required detailed analysis to build a comprehensive budget. The need for a tool that could provide accurate financial statements, handle the complexities of a manufacturing cost centre and easily consolidate multiple divisions was paramount.

“We needed a flexible and supported forecasting application to express our business plan,” says Graham Beattie, Director & Financial Controller.

✅ The Solution: Adopting Forecast 5

After evaluating several options, Dog Point Vineyard chose Forecast 5 for its ability to:

🔹Easily consolidate business units: Integrate various divisions into a cohesive financial model.

🔹Produce reliable financial statements: Generate accurate Income Statements, Balance Sheets, and Cash Flow forecasts.

🔹Enhance data integrity: Reduce errors associated with spreadsheet-based forecasting.

🔹Budget wine production: Three stock record types handle intricacies of growing, making and selling wine.

“Forecast 5 allows us to break the business down into manageable parcels, using a series of standalone and relatively simple Excel templates reflecting the various divisions of the business. These templates can then be collated through Forecast 5 to produce financial statement forecasts that have solid integrity.”
— Graham Beattie, Director & Financial Controller

📈 The Impact: Improved Financial Planning and Support

Since implementing Forecast 5, Dog Point Vineyard has experienced:

🔹Streamlined budgeting processes: Simplified the creation of comprehensive financial forecasts.

🔹Enhanced data reliability: Increased confidence in financial decision-making.

🔹Responsive support: Access to a helpful and supportive team for ongoing assistance.

“The team at Forecast 5 has been very receptive to our ideas and very helpful/responsive with our barrage of ‘how-to’ questions in the early days. It is great to know that someone is available to assist, no matter the question.”

🌟 Forecast Smarter, Plan Better, Grow Faster

Forecast 5 helps Dog Point Vineyard consolidate divisions, produce reliable financial statements, and model multiple scenarios effortlessly. By providing accuracy, confidence, and control, it empowers the finance team to make informed decisions, safeguard cashflow, and plan strategically for sustainable growth in a dynamic, competitive market.