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Forecast5™ Client Spotlight  - Celebrating Success Stories

Posted on Sep 28, 2017 8:24:41 AM

There is nothing we love more here at Forecast5, than hearing about how our clients are using our product suite to optimize resources, create opportunities, save money and increase organizational performance. These stories truly inspire our team to keep doing what we are doing.  Every month we plan on celebrating a few of the success stories Forecast5 clients have shared with us.

How To: Pass and Communicate a Tax Ratification Election

In the current climate, transparency is not just a buzzword, it is reality.  Governments, boards and administrators are expected to share much greater levels of information with each other and their constituents. Using 5Sight™, this district gained insights and communicated their story to stakeholders to successfully pass a tax ratification election. 

Here’s how:

A Texas school district quickly and easily created a set of visual analytics in 5Sight, that drilled into student performance data and revenues and expenditures per student. With the ability to benchmark against surrounding and regional peer groups, the district gained insights into key decision areas needed for the upcoming election. Having these powerful visuals and reports at their fingertips was a vital and compelling part of the message shared to community members.

“On the Move” – A Transportation Analysis 

School administrators are often challenged to make decisions that require weighing several options due to a lack of resources and support to truly know what the best course of action is. If this resonates with you, you may have found yourself asking these three questions:

  • Should I use “in-house” or contracted services?
  • I am investing in a lot of resources, why am I not seeing results?
  • How are my peers making similar decisions?

A Missouri school district was determined to discover evidence that transitioning from “in-house” to contracted transportation services would produce a greater ROI. Turning to 5Sight visual analytics and the Forecast5 Customer Success Team, they drilled into Line Item Spending, pulled in multiple years of data and identified peer districts they could contact who have gone through similar situations. The ability to analyze data, view spending over time and collaborate with peers allowed this district to bypass the tolls and stay in the “fast lane”.

“Show and Tell” Your District’s Story – Preparing for Negotiations

The cliché is true, “A picture is worth a thousand words.” This is especially true for school administrators who are trying to build narratives with their data to communicate and illustrate the impact of decisions.

For this California district, turning to visual analytics in 5Sight not only prepared them for upcoming negotiations, but allowed them to convey the district’s financial story in a clear and concise manner. Here’s how:

  • Goal – Analyze the cost of Certificated Salaries and Benefits for an upcoming negotiations meeting with the Teacher’s Union.
  • Action – Leverage 5Sight to build a set of custom visuals that compares Total Certificated Salaries and Benefits Expenditures to Total General Fund Revenue over the last 6 years.
  • Outcome – Easily explain to the Teacher’s Union the district’s current situation and impact of decisions on the future; increasing cost of Certificated Salaries and Benefits compared to slow growing revenue. The insights gained allowed for better decision making and support from stakeholders.

Download the latest guide “Tell Me a Story:  Put Your Data to Work to Communicate the Right Message to Stakeholders”

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