95% Accurate Cash Forecasting

Impact Achieved

97%

Productivity Boost
in Forecasting

95%

Overall Cash Forecasting Accuracy

100%

Automation of Bank Data Integration across 42 accounts

52-Week

Rolling
Forecast Visibility

“Automating cash forecasting was a critical first step in modernizing our back office. By implementing a comprehensive suite of AI and machine learning tools across our finance operations from AR to AP we have put our entire accounting tech stack on the cutting edge.”

case-study-speaker

Jeff Martini

CFO

Bishop Lifting

About Bishop Lifting

Bishop Lifting is a leading provider of lifting solutions and rigging supplies. A fabricator and distributor, they offer custom products, wire rope, and slings. Services include rentals, testing, and repair, all accessible through their network of over 40 branches.

Revenue

$135.8 Mn+

Employee Count

1,050+

Region

TX, USA

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Top Challenges

  • Massive Manual Workload: Analysts spent 60 hours each week on manual forecasting and reconciliation tasks, an effort equivalent to 1.5 full-time employees.
  • Fragmented and Siloed Data: The treasury team lacked a centralized view of cash, forcing them to manually reconcile 42 separate bank accounts and consolidate siloed data from AR, AP, and Payroll.
  • Inaccurate and Unreliable Forecasting: Manual, spreadsheet-driven forecasts lacked real-time accuracy and precision, leaving the treasury team unable to plan liquidity with confidence.
  • Reactive Financial Decision-Making: The lack of reliable forecasts meant that crucial decisions on investments and borrowing were made reactively, often too late to capture financial opportunities.
  • Misallocation of Skilled Staff: The heavy burden of manual reconciliations reduced skilled analysts to performing clerical work instead of focusing on strategic activities like liquidity planning.

Business Benefits

  • 97% Productivity Boost in Forecasting
  • 95% Forecast Accuracy Across Inflows & Outflows
  • 42 Bank Accounts Integrated with 100% Automation

Explore More Transformation Stories

Nidec

46%

Reduction in
Past Dues

54%

Productivity Improvement

10x

Increase in Email Outreach & 3.6x Increase in Call Volume

DXP

90%

Cash Application

40%

Boost in
Collector Productivity

>70%

Reduction in
Weekly Exceptions

Bluelinx

$1M+

in New Revenue Enabled

91%

Straight-Through Cash Application Auto-Posting

2x

More Calls & 3x More Emails Per Collector, Daily