Improving Cash Forecasting: Artificial Intelligence As an Enabler
- What factors make forecasting accounts receivable & accounts payable so challenging
- Factors causing unpredictability in accounts receivable & accounts payable
- How AI-enabled cash forecasting help treasurers achieve accurate cash forecasts
Chapter
02
Benefits of Using Artificial Intelligence for Cash Forecasting
Transformation for Digital Treasury Starts with the Following Steps
- CONSIDER AUTOMATION
AI, when combined with TMS systems, Bank Systems and
ERP systems can substantially improve the quality of the
forecasts produced. - SEE THE BIG PICTURE
Automate part or all of the process to reduce the risk of
human error, thereby improving confidence in the forecast. - ANALYZE THE DATA
Observe data from a high-level view across different
categories and regions. - MAKE STRATEGIC DECISIONS
Move from data entry and model creation to being strategic
contributors in the CFO’s office.
