The decision-making involves 4 major steps:
Similarly, to buy an automated cash forecasting solution, a buyer needs to do thorough research on the functions and benefits provided. Here’s a vendor evaluation toolkit to help you in shortlisting the cash forecasting vendors that align the best with your business goals.
HighRadius has experience in implementing AI-based cash forecasting solutions for Fortune 500 companies. We could get you started in the same direction.
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HighRadius Cash Forecasting Cloud – an advanced forecasting system – leverages the proven RivanaTM Artificial Intelligence (AI) platform to provide the most accurate cash flow forecasts – right from a ledger account level and rolling up to the organizational level. Delivered as a Software as a Service (SaaS), the solution seamlessly integrates with your company’s ERPs, accounting systems, banks and order management systems. Multiple AI and Machine Learning algorithms process datasets including bank statement inflows/outflows, sales orders/customers invoices, purchase orders/vendor invoices and expense reimbursements for comprehensive as well as accurate cash flow forecasts. The closed-loop, machine learning feedback system ensures that the forecast models become more accurate with time.