Advancements in technology such as predictive analytics enable payment pattern-analysis to be performed at an invoice line item level allowing for micro-cash forecasting and a drill-down visibility to customer segments, individual customers and invoices.
The power of historic customer data is harnessed from multiple sources, to predict, the likely payment dates across all invoices thereby being able to project with increased accuracy, the possible cash inflows for the future. The real power comes in bringing together data (e.g. big data and data warehouse) into one centralized repository.
Analytics derive their outcomes from extensive mathematical modeling and computations utilizing advanced statistics and machine learning. They provide us with sophisticated visualizations that open up a world which allows us to understand patters and generate accurate cash projections. Today’s spreadsheet forecasts only provide single-source, two dimensional tabular reports on current period information

“Micro-cash forecasting leverages AI to gain 360 customer view and predicts possible payment delays at an invoice and account level”

• Better intelligence brings better accuracy
  With the help of predictive analytics, treasurers could drill deep down into customer payment behavior patterns, and predict accurately the cash inflows based on  predicted payment dates.
• Real-time forecasting
  If your business is facing a turbulent time financially, updating the cash flow forecast daily can help you to identify new threats in advance. Predictive enable digitizing and speeding up many of the tasks that are involved in planning your company’s cash requirements.
• Channel Your Team Efforts In Right Areas
  Line item level forecasting enables you to predict futile cash collection efforts and lets you channelize your team’s effort on high-yield actions.