What is Expense Forecasting?
The process of predicting future software-related expenses based on historical data, trends, and upcoming contracts or renewals, helping organizations plan their budgets more accurately.
Why it Matters
Expense forecasting helps organizations anticipate future software costs, enabling better budget planning and financial management by ensuring funds are allocated appropriately.
Benefits
- Provides predictions of future software costs
- Helps plan budgets with greater accuracy
- Anticipates upcoming renewals and price changes
- Improves financial visibility and decision-making
