Cash Forecasting Automation Vendor Evaluation Scorecard

An Excel-based vendor evaluation scorecard to select the vendor that achieves the highest score as the cash forecasting solution provider.

CONTENT

How does one arrive at a conclusion for making a purchase?

What’s inside the toolkit?

How to use the vendor evaluation scorecard?

Need some help?

How does one arrive at a conclusion for making a purchase?

The decision-making involves 4 major steps:

Learning about the needs or requirements of a product.
Researching about the product and the vendors that deliver it.
Comparing features and quality through reviews.
Choose the best quality product in the budget from a trusted vendor.

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.

What’s inside the toolkit?

An e-book that provides a step-by-step guide to the treasurers and C-Suites in shortlisting the most compatible cash forecasting solution vendor based on your company’s requirement and motive of the forecast.
A vendor evaluation scorecard to compare between features and functionalities provided by each vendor and make strategic decisions to select the vendor that is the most profitable/ ROI generating for the company.

How to use the vendor evaluation scorecard?

Measuring various vendors based on the features provided by them.
Understanding the priority of the features based on the weights assigned to them.
Calculating the total score of the vendors and picking the best-fit solution provider.

Need some help?

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.

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