Evolution of the Receivables Forecasting Process at Duracell and its Importance in Working Capital Management

Ensuring a smooth supply of working capital is the biggest challenge that treasurers across all companies are faced with due to the economic turbulence caused by COVID-19. They have no option but to manage and forecast cash with a precision that would enable them to confidently and proactively make the decisions needed to mitigate working capital risk. The roadblock towards more accurate cash forecasting which more than 80% of Treasurers are facing today is forecasting receivables since customer payment behavior is extremely unpredictable.

Duracell set out to perfect its cash forecasting by continuously iterating its receivables forecasting process until it has achieved a stage where it can now predict with 95% accuracy. To learn more about how they achieved this, join the webinar where Steven Wurst, Order-to-Cash Leader will talk in detail about the evolution of the receivables forecasting practice at Duracell.

Complimentary Webinar

Evolution of the Receivables Forecasting Process at Duracell and its Importance in Working Capital Management

Speakers

Bryan DeGraw

Associate Principal - Finance Advisory Services The Hackett Group

Steven Wurst

Order to Cash Leader Duracell

Daniel Chapman

AVP Treasury Sales HighRadius

What you'll learn

  • Optimize working capital by adopting best-in-class practices as per Hackett guidelines
  • Fast-track cash conversion cycle by lowering DSO and DPO
  • Evolution of cash forecasting practice at Duracell with AI
  • Learn how Artificial Intelligence works under the hood to generate accurate and long-term forecasts

About the Webinar

Evolution of the Receivables Forecasting Process at Duracell and its Importance in Working Capital Management

Ensuring a smooth supply of working capital is the biggest challenge that treasurers across all companies are faced with due to the economic turbulence caused by COVID-19. They have no option but to manage and forecast cash with a precision that would enable them to confidently and proactively make the decisions needed to mitigate working capital risk. The roadblock towards more accurate cash forecasting which more than 80% of Treasurers are facing today is forecasting receivables since customer payment behavior is extremely unpredictable.

Duracell set out to perfect its cash forecasting by continuously iterating its receivables forecasting process until it has achieved a stage where it can now predict with 95% accuracy. To learn more about how they achieved this, join the webinar where Steven Wurst, Order-to-Cash Leader will talk in detail about the evolution of the receivables forecasting practice at Duracell.




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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.