Cash flow forecasting software is used to forecast different cash flow categories spread across multiple regions, entities, and time horizons. It collects cash flow data from various sources and provides real-time visibility with reports, dashboards, and analytical tools. Having accurate forecasting allows businesses to foresee significant cash gaps and avoid missed payments. Cash flow forecasts give companies the foresight to take corrective action, such as fine-tuning strategies, refunding assets, or approaching lenders. It saves enterprise treasury teams time and effort while improving output quality.
The following are the key reasons why cash forecasting software outperforms spreadsheets:
Here are some of the benefits of business cash flow forecasting software for treasury departments:
Get in touch with our solution experts to overcome the bottlenecks of cash forecasts using cash forecasting software.
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.