You may be familiar with that old joke about economists: “If you cannot forecast accurately, forecast often.”
This statement has become especially relevant for this year and even for 2023 as interest rates rise and uncertainty remains rampant caused by disrupted supply chains and customer indecisions.
Among many industry sectors, how much liquidity is “enough” is becoming the question to answer as cash reserves either disappear completely or drop to dangerous levels.
For all Treasuries accurate and timely cash flow forecasts should be the top priority in 2023.
If your company is liquidity challenged, then using enhanced cash forecasting with AI will enable you to map out your financial position over the coming months and take the appropriate action to safeguard your cash position and / or reduce the need for more expensive borrowings.
Join Bruce Lynn, Managing Partner at The FECG LLC, and Tracey Hagelin, Enterprise Account Executive, Treasury, HighRadius, as they explain the importance of accurate cash forecasting and continuous visibility to overcome uncertain times.
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.