2 August, 2023
An eBook that gives complete information on variance analysis. It discusses its purpose and applications in treasury, the traditional methods for calculating variances, and the best practices.
An Excel-based variance analysis template to calculate the variances between forecasts and actuals.
Variance analysis refers to comparing the forecast to the actuals for a given time period. It is vital to measure whether the variance is:
Having the numbers and the charts readily available helps to make accurate and timely decisions.
Despite the importance of variance analysis, most companies tend to perform it for limited durations or perform it at the last moment. As a result, the treasurers take reactive decisions instead of proactive ones.
HighRadius AI-based cash forecasting solution supports performing variance analysis for multiple cash flow categories across multiple regions, entities, and currencies.