News

Updates from the world of data analytics.

Washington Schools Introduced to Forecast5 Business Intelligence Platform

February 19, 2016

FOR IMMEDIATE RELEASE

Contact: Eric Smith
(630) 955-7551
esmith@forecast5analytics.com

 

Forecast5 Analytics, Inc. and the Washington Association of School Business Officials (WASBO) are excited to announce a collaborative partnership to develop analytics and Business Intelligence applications for Washington Schools.

Washington Schools Introduced to
Forecast5 Business Intelligence Platform

NAPERVILLE, Ill. (February 19, 2016) — Forecast5 Analytics, Inc. and the Washington Association of School Business Officials (WASBO) are excited to announce a collaborative partnership to develop analytics and Business Intelligence applications for Washington Schools. Through this union, WASBO will immediately access and leverage the forecasting and projection tool, 5Cast. This database engine will allow users to build multi-year financial forecasts and introduce projection assumptions at any level of detail based on the type of analysis being performed.

Forecast5 has assembled a significant amount of Washington school data within its business intelligence platform, 5Sight, allowing users to easily generate insights based on relevant benchmarks and peer groupings. School District Administrators using the application suite will now have the ability to review historical trend data and compare performance metrics across several areas of school operations including finance, human resources, and academic achievement.  

Mike English, CEO and President of Forecast5 commented,  “We are honored to have the opportunity to partner with WASBO and its members.  In addition working with them on performance analytics in 5Sight, we are really excited about the 5Cast platform and how it will serve Washington state schools. Administrators have remarked that 5Cast will present brand new opportunities for enhanced budgeting analysis and multi-year forecasting.  We can generate exciting new insights by combining the power of these two analytic tools.” 

Nancy Moffatt, Executive Director of WASBO added, “The association is excited to introduce Forecast5 to WASBO members.  We are in an era where business officials need sophisticated analytic tools to optimize district resources and identify new opportunities for growth.  The 5Cast platform is going to allow our members to build a 5 year financial forecast and test it against any “what-if” scenarios.  This technology will prove to be very valuable to support data-informed decision making.”

The relationship between the organizations is also intended to support training and professional development for school business officials in the growing area of data analytics. Forecast5 and WASBO anticipate the launch taking place during the upcoming WASBO Annual Conference May 11-13 in Tacoma, WA. 

About Forecast5

Forecast5 Analytics provides powerful analytic tools to help local government leaders drive financial and strategic decisions. The Forecast5 platform includes cloud-based business intelligence software, interactive visuals, map-based software, and a collaborative analytics engine. For more information, visit www.forecast5analytics.com.

About WASBO

The Washington Association of School Business Officials is a professional association that provides programs and services to promote best practices of school business management, professional growth and the effective use of educational resources. For more information, visit www.wasbo.org

###

From the learning center

Merrillville Community School Corporation Uses New eLearning Insights

Merrillville Community School Corporation Uses New eLearning Insights

As the COVID-19 pandemic moved across the nation, schools began closing, and Merrillville made the decision to move all classes virtual. Dr. Dexter Suggs, Assistant Superintendent of Curriculum & Instruction, was faced with the daunting task of trying to determine how to support student learning in this new environment.

Read Now
Boundary Planning Playbook

Boundary Planning Playbook

Get your playbook for step-by-step guidance to a successful boundary planning process. (eBook)

Download Now
Carroll ISD Leverages Data Analytics to Educate & Empower School Board

Carroll ISD Leverages Data Analytics to Educate & Empower School Board

During William Wooten's first week with Southlake-Carroll ISD as their Assistant Superintendent for Financial Services, he was faced with
the daunting task of sharing the district’s financial information with newly elected board members during onboarding training.

Read Now
Stephenville ISD Receives Improved Marks in S&P Financial Management Assessment

Stephenville ISD Receives Improved Marks in S&P Financial Management Assessment

 Texas district improves their S&P Management Assessment marks through a new formalized financial planning process based on Forecast5 solutions.

Read Now