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For the Project Based Company That’s Tired of Juggling Professional Service Automation (PSA) Powered by Artificial Intelligence (AI) Trusted by Dennis Kayser [email protected] Project & Resource Automation

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Page 1: For the Project Based Company That’s Tired of Juggling ... · 66% of projects are failing and we don’t seem to learn from our mistakes… The reason being, that people tend to

For the Project Based Company That’s Tired of Juggling

Professional Service Automation (PSA)Powered by Artificial Intelligence (AI)

Trusted by

Dennis [email protected]

Project & Resource Automation

Page 2: For the Project Based Company That’s Tired of Juggling ... · 66% of projects are failing and we don’t seem to learn from our mistakes… The reason being, that people tend to

Sep (16)

$500K funding(VC + angels)

Forecast product launch

May (17)

1st paying customer

10th paying customer

50th paying customer 120th paying customer

$330K funding(Danish innovation grant)

$3M funding(VC + angels)

Market validation (30+ customers)

$395K funding (VC + angels)

AugJun Jan (18) Feb Jul

70th paying customer

Milestone Status

Get Far, on Very Little

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Problem we’re solving

Using AI to forecast problems

66% of projects are failing and we don’t seem to learn from our mistakes…

The reason being, that people tend to make the same mistakes because their current tools are not leading them to make better decisions.

Taking advantage of the entire company’s data history and using it for predictions is so complex and tedious that

AI and ML is the only way to solve it.

Source: http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/delivering-large-scale-it-projects-on-time-on-budget-and-on-value

Page 4: For the Project Based Company That’s Tired of Juggling ... · 66% of projects are failing and we don’t seem to learn from our mistakes… The reason being, that people tend to

Dennis Kayser, CEOMSc. Computer Science & Biz. Dev.

Management consulting background from IBM and experience working at different

startups (Magento Commerce, IMT Labs).

Danny Larsen, CTO MSc. Computer Science

Senior architect background from NetCompany and NaviPartner building

systems, infrastructure, and integrations.

Kasper Iven Skjold, CROMSc. Business Administration SCM

Sales background from Berlingske, IBM, and SAS Institute. Experience managing inside- as

well as solution sales.

Leadership Team

+a team of 28 highly skilled, diverse people

DIKU Alumni

DIKU Alumni

DIKU Alumni

Page 5: For the Project Based Company That’s Tired of Juggling ... · 66% of projects are failing and we don’t seem to learn from our mistakes… The reason being, that people tend to

Forecast is a Resource & Project Management Platform that delivers automation & insights for digital projects, powered by Artificial Intelligence (AI).

Product & Technology

ResultTimely and more profitable projects, with satisfied clients.

Page 6: For the Project Based Company That’s Tired of Juggling ... · 66% of projects are failing and we don’t seem to learn from our mistakes… The reason being, that people tend to

I wish the system could automatically create a draft plan of my projects and resources. Afterwards, I want the system to help me handle the constant changes by providing qualified suggestions.

Project ManagerCreuna / 350 Employees

Improving our internal communication with upper management on project status would be a huge time saver! Our delivery times with external partnerships would improve.

Senior Global Project ManagerGroupon / 10,000 Employees

We’re doing a lot of wasteful manual work in Excel since our resourcing is not connected to our JIRA. All reporting and utilization follow-ups are done offline via spreadsheets and shared via email.

Senior LevelPeytz & co / 100 Employees

Example Pains

Marie wants to focuson being creative

Page 7: For the Project Based Company That’s Tired of Juggling ... · 66% of projects are failing and we don’t seem to learn from our mistakes… The reason being, that people tend to

http://christophjanz.blogspot.com/2014/10/five-ways-to-build-100-million-business.html

Rabbits (<$300 MRR)Deers ($300+ MRR)

Getting to $100M ARR

Page 8: For the Project Based Company That’s Tired of Juggling ... · 66% of projects are failing and we don’t seem to learn from our mistakes… The reason being, that people tend to

Professional Services Industry

— Gartner, RB & Source Global Research 2017 https://www.prnewswire.com/news-releases/professional-services-market-global-report-2017-300506377.html | http://www.grandviewresearch.com/industry-analysis/professional-services-automation-software-market

https://www.gartner.com/newsroom/id/3612617

Professional Services (PS) Industry

The PS industry achieved combined annual revenues of $1.7 trillion in 2016.

Vendors sold more than $6.6 billion worth of Professional Service Automation (PSA) software in 2016 (CAGR 10%) and more than $18.3 billion worth of Business Intelligence (BI) software in 2017 (CAGR 19%).

AI has the potential to make much consulting work redundant.$1 in every $6 budgeted for professional service consultation is spent on digitization.

Page 9: For the Project Based Company That’s Tired of Juggling ... · 66% of projects are failing and we don’t seem to learn from our mistakes… The reason being, that people tend to

Small biz(<$300 MRR)

Mid-range ($300+ MRR)

Enterprise($3,000+ MRR)

G2M / Adoption Mode Self-service Low/medium-touch High-touch

Team / Dep. Size <25 people 25-500 people 500+ people

Product Acceptance Millennials demand consumerization

Professionals demand interconnectivity

White collar are used to outdated UX & UI

Organizational Complexity Small team in one location Various teams spread over several locations

Large matrix with multiple locations

Process Perception Manual processes are accepted Manual processes waste time Processes are documented and automation is the ambition

How to Win Deals Simple, single purpose, low price tools

Ease of use, integration, automation

End-to-end process management, portfolio + risk, governance, & insights

Tool Stack Asana, Basecamp, Teamwork, 50+ more single use tools

Spreadsheets, Accelo, Mavenlink, LiquidPlanner, Wrike

Clarizen, Workfront, Oracle, HP, IBM, SAP, Custom development

Market segment focus

High growth market with obsolete solutions

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+ +

Research is enabling needed knowledge

Collaboration Partners

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We use AI to fully automate the manual, error-prone, and mundane process of Project Scheduling & Resourcing.

The AI generates a first draft of a project’s schedule, basedon overall resource availability and individual’s skills.

Automated scheduling enable PMs to spend their time on more value driving work.

Forecast is the first toimplement AI assistance

in PSA thanks to IFD InnoBooster

Our Product

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Business

Drive Better Business

The Forecast AIanswers important questions…

● Should we bid on this project?

● How do we optimally utilize our people?

● What’s our projected profit margin?

Projects

● Which projects are starting to go wrong?

● What’s the probability of particular tasks being delayed?

● When can we actually deliver this project?

People

● What’s the projected workload next month?

● Who’s the right person to allocate the next task?

● Who’s currently at risk of being overloaded?

Page 13: For the Project Based Company That’s Tired of Juggling ... · 66% of projects are failing and we don’t seem to learn from our mistakes… The reason being, that people tend to

We’re supported by world-class investors

Our VC partners

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Forecast is born globalForecast is Born Global

We’re Already Global

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www.forecast.app