According to Treasury Strategies’ State of the Treasury Profession Survey, Treasurer’s have reported Cash Forecasting as one of their top 3 priorities for the past 3 years in a row. Amidst the Covid-19 outbreak and correlating economic downturn, accurate cash flow forecasts have become more critical than ever.
Yet, despite its importance, most organizations still struggle to consistently produce accurate cash flow forecasts – largely due to the high unpredictability of Accounts Receivable.
Enter Artificial Intelligence.
AI has the ability to not only automate existing processes, but to actually improve the output, resulting in highly accurate, instantly accessible cash flow forecasts with drill-down capabilities.
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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.