Cash Flow Forecasting Software
AI-powered . 95% Accuracy . 50% Idle Cash Reduction
AI-powered cash flow forecasts with upto 95% accuracy. Automate daily cash projections, forecast 12 months ahead and make confident, data-driven decisions.
AI-powered . 95% Accuracy . 50% Idle Cash Reduction
AI-powered cash flow forecasts with upto 95% accuracy. Automate daily cash projections, forecast 12 months ahead and make confident, data-driven decisions.
Auto-ML Models. Best-fit model selection using bank and ERP data. More
No-Code, Excel-like Platform. Build models, auto-generate and auto-consolidate forecasts. More
95% Forecast Accuracy. Improve ML prediction rates with custom data science models. More
Improve Decision Making. Perform what-if analysis. Build and compare scenarios. More
Analyze Historical Trends. Forecast vs Actuals variance with category-level drill-down. More
100% Bank Statement Aggregation. Access real-time bank and ERP data. More
PRODUCT
VALUE
Discover how our cash forecasting software turns complex financial data into accurate forecasts with the power of AI.
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Disclaimer
The above estimates are based on industry and HighRadius benchmarks, assuming a single, integrated financial solution is used. These numbers are designed to be only directional in use. Individual results and performance may differ.
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Configure custom views by bank, entity, currency, or region as per your need.
Utilize excel-like, math, and AI formulas to populate cash forecasts in your model.
AI-based forecasting for AR using bank statements, customer invoices, sales orders, promise-to-pay information, and other available data.
Automatic selection of the most suitable model for each time period in the forecast, adapting to changing patterns and improving forecast precision.
Execute scenarios on the fly to verify the changes to the base forecast, enabling faster decisions.
Drill down to view the underlying data behind the charts and grids. Explore to understand the child cash flow categories contributing to the parent forecast.
94%
HighRadius transformed our cash forecasting, reducing our process time from hours to minutes and cutting treasury stress by 25%!
Result
Glisson Inguito
Director, Corporate Treasury,
HighRadius has significantly improved our receivables forecasting accuracy, enabling more proactive collections and better-informed decision-making!
Result
Jacob Whetstone
Director Credit & Accounts Receivables,
Recognized as a Major Player in Mid-Market and Enterprise
Sign up for a Personalized Demo to explore the full capabilities of our cash forecasting software
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Watch digital transformation experts from Genpact and HighRadius discuss use cases of AI in generating accurate daily forecasts and how it can reduce your cash conversion cycles.
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Download these ready-to-use templates for your treasury teams to track cash inflows/ outflows, cash on hand, and the closing balance on a daily, weekly, 13-week, or monthly basis.
Download the Template
Get insights on how AI is transforming AR and AP forecasting by predicting customer payment behavior and payment durations.
Download the EbookCash flow forecasting software is a tool used by businesses to predict future cash inflows and outflows based on historical data and projected financial activities. It helps businesses anticipate financial trends, manage liquidity, and make informed decisions to optimize cash flow management.
By analyzing factors such as revenue, and payment timelines, this software provides insights that help in budgeting, planning, and ensuring financial stability. It plays a vital role in proactive financial management, enabling businesses to adjust strategies and operations to meet their financial goals effectively.
Start with historical data: Begin by analyzing past financial records to understand spending patterns and income sources.
Project future income: Estimate upcoming revenue based on sales forecasts, contracts, and expected client payments.
Forecast expenses: Predict upcoming expenses including rent, payroll, and inventory costs.
Consider seasonal variations: Account for seasonal fluctuations that may affect cash flow.
Utilize cash flow tools: Leverage cash flow forecasting tools or software for accurate calculations and real-time updates.
Regularly review and adjust: Continuously monitor actual cash flow against forecasts, making adjustments based on market changes.
Plan for contingencies: Prepare for unforeseen expenses or revenue delays by maintaining a cash reserve.
Yes, cash flow forecast softwares are vital budgeting tools and projecting cash inflows and outflows to enable effective financial planning and decision-making. They provide insights into future cash positions to optimize expenditures and investments, thereby enhancing overall financial management and stability.
Using cash flow forecasts as a budgeting tool provides a comprehensive view of financial health, enabling businesses to allocate resources and manage cash flow efficiently. This proactive approach helps businesses foresee uncertainties, seize opportunities, and maintain financial stability over time.
Cash flow forecasts play a key role in future cash movements via projected income and expenses. Using a variance analysis software can help analyze cash flow trends and track variances between projections and actuals. The reliability of these forecasts depends on accurate data inputs and market conditions.
Regular updates and scenario analysis help mitigate these risks, enhancing the forecast’s reliability and enabling businesses to adjust strategies promptly. Despite potential uncertainties, well-constructed forecasts remain essential for maintaining financial stability and liquidity. They empower businesses to make informed decisions, allocate resources effectively, and steer challenges with resilience, ensuring sustained operational success over the long term.
A cash flow plan is essential for your business as it helps ensure you have enough funds to cover daily operations, pay debts, and invest in growth opportunities. By monitoring cash inflows and outflows, you can anticipate shortfalls, avoid financial crises, and make informed financial decisions.
Having a cash flow plan also aids in maintaining good relationships with suppliers and creditors, as it ensures timely payments. It helps you identify and address potential financial issues early, improving your business’s financial stability and profitability in the long run.
Yes, our Cash Forecasting Software easily connects with popular ERP systems like SAP, Oracle, Microsoft Dynamics, NetSuite, Sage Intacct, and Workday among others, and supports API integration for other financial management systems. It helps you smoothly transfer data and predict your cash inflows and outflows accurately.
Our software supports both Excel and CSV formats, making it versatile for non-feasible ERP integrations or low-volume ERP data, simplifying the cash flow data extraction and improving your overall cash forecasting processes.
Every implementation depends on the complexity and customization. However, High Radius has the expertise to deliver the best results in less than 12 weeks.
We approach every implementation with Speed to Value. Our team works closely with your treasury and IT teams for a smooth transition with little impact on your existing processes.
Our Treasury Forecasting Software solution is simple and requires minimal IT involvement and effort. The solution integrates seamlessly with your existing systems using pre-built connectors.
With ready-to-use modules and best practices built in, your treasury team can deploy and manage it with minimal IT support.
Our software seamlessly integrates with a wide range of banks and financial institutions due to strong bank relationships.
We gather all your payment details from different bank formats, giving you real-time updates and accurate cash flow predictions.
HighRadius Treasury Suite offers more than a traditional Treasury Management System (TMS). While a TMS handles basic liquidity tasks, HighRadius uses advanced AI to make cash forecasting precise and more accurate.
By integrating with your multiple banks and ERPs, it provides up-to-date insights and automates complex tasks like predicting challenging cash flow categories with ease.
Unlike bank provided tools, which can only connect with your bank accounts, HighRadius excels with its ability to link seamlessly with both ERPs and banks.
Banks don’t have the advanced AI/ML capabilities that HighRadius uses to accurately predict and manage challenging cash flow categories or to automatically sort cash flow transactions.
