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Recession Proofing Your Business: Cash Forecasting During Age of Volatility

Recession Proofing Your Business: Cash Forecasting During Age of Volatility

About The Webinar

With the threat of a deep recession looming large on the horizon, companies realize that maintaining liquidity is essential to navigate this crisis. Tasked with ensuring sufficient liquidity, Treasurers must provide the CFO and Board with accurate forecasts which predict possible devastating events. Foreknowledge of a possible cash crunch can enable Treasury to apply measures to mitigate the impact and ensure the continued viability and credit worthiness of the company.

This is, however, easier said than done! COVID-19 is a black swan event, meaning there are no historical data points for Treasury to refer to. Further, key cash flow indicators such as DSO are changing so rapidly that the assumptions made while forecasting are often rendered irrelevant by the turn of the week.

With CFOs demanding accurate and current views of cash, how can Treasury departments ramp up the speed with which they forecast to deliver each iteration in real-time, especially when teams are working remotely?

For answers, join the 30-min webinar where Tracey Knight and Bill Weiss discuss how companies can quickly pivot to the new norms, using cash forecasting technology to generate accurate forecasts on a real-time basis.

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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.