While there is no “silver bullet” available to solve every company’s cash flow forecasting roadblocks, having the right processes in place is a good start. What and how you measure something will vary depending on your business, industry, and goals. So, how do you go about producing an accurate cash flow forecast? Here are three tips that will help your organization bring more precision to the process, which will increase your company’s chances of survival and provide you with the resources you need to grow.
While there is no “silver bullet” available to solve every company’s cash flow forecasting roadblocks, having the right processes in place is a good start. What and how you measure something will vary depending on your business, industry, and goals. So, how do you go about producing an accurate cash flow forecast? Here are three tips that will help your organization bring more precision to the process, which will increase your company’s chances of survival and provide you with the resources you need to grow.
The HighRadius™ Treasury Management Applications consist of AI-powered Cash Forecasting Cloud and Cash Management Cloud designed to support treasury teams from companies of all sizes and industries. Delivered as SaaS, our solutions seamlessly integrate with multiple systems including ERPs, TMS, accounting systems, and banks using sFTP or API. They help treasuries around the world achieve end-to-end automation in their forecasting and cash management processes to deliver accurate and insightful results with lesser manual effort.