Outset Product Announcement (August 2024)
It’s half way through the year, is your bookings plan still relevant? Are you able to easily see and quickly adapt to changes in your bookings and confidently reforecast to stay on target? With Outset’s easy reforecasting capabilities, you can quickly see when and where you aren’t tracking, make the changes needed, then understand how you have had to adapt throughout the year for better predictability and results going forward.
Control and accountability through approvals
While you are creating your Outset plan, adjusting baselines, creating lever impacting programs, your plan is in Draft mode. Make as many changes as needed, experiment with turning programs on or off to see revenue impact.
You can view your Outset plan using the plan dropdown in the upper left of the Outset page.
When all your stakeholders agree to the Outset plan, snap the line by approving it, clicking the Approve button in the upper right.
Approving the plan turns it from a draft to your active read only Outset plan. It is the agreed upon strategy for hitting your bookings targets. As your actuals come in, you can see how you are stacking up against it.
Reforecast to stay on target
Whether you do a rolling, quarterly or as needed reforecast, Outset supports you, easily putting in place adjustments that will ensure your bookings plan stays on target. Scenario your changes to ensure the appropriate impact and when they are agreed upon, approve the new reforecasted plan to ensure everyone is aligned and executing on the new changes.
To create a new reforecast, select the option in the Outset plan dropdown.
Select the start date for the new reforecast.
This reforecast is a copy of the current active approved plan. It is a draft. Feel free to scenario out changes like baseline adjustments, adding additional programs and adjusting existing programs.
You can compare the impacts your changes to the draft have against your current active plan using the Plan Comparison tool.
When this reforecast has the desired changes that your stakeholders agree upon, snap the line again by approving it.
You can reforecast as often as monthly if desired. Each reforecast is a plan version and will show in the plan dropdown. You can use the plan dropdown in the upper left to view these older versions. You can use the Plan Comparison Tool to see how you have adjusted throughout the year by comparing plan versions.