Future-Proofing Your Business by Utilizing AI Enhanced Cash Forecasting

You may be familiar with that old joke about economists: “If you cannot forecast accurately, forecast often.”

This statement has become especially relevant for this year and even for 2023 as interest rates rise and uncertainty remains rampant caused by disrupted supply chains and customer indecisions.

Among many industry sectors, how much liquidity is “enough” is becoming the question to answer as cash reserves either disappear completely or drop to dangerous levels.

For all Treasuries accurate and timely cash flow forecasts should be the top priority in 2023.

If your company is liquidity challenged, then using enhanced cash forecasting with AI will enable you to map out your financial position over the coming months and take the appropriate action to safeguard your cash position and / or reduce the need for more expensive borrowings.

Join Bruce Lynn, Managing Partner at The FECG LLC, and Tracey Hagelin, Enterprise Account Executive, Treasury, HighRadius, as they explain the importance of accurate cash forecasting and continuous visibility to overcome uncertain times.