Every company was caught off guard when forced to transition to managing cash in a new remote reality. Uncertainty and disruption as the financial impacts have been unfolding have made cash forecasting more important than ever. Cash forecasting weaknesses have been magnified as companies have had to manage data, processes, and relationships in new environments. How are companies managing the quality and timeliness of cash forecasts in an increasingly dynamic next normal?
Join us as we review recent research focused on the evolving sentiments and best practices around cash management and cash forecasting as the impacts of COVID-19 have unfolded over the past 3 months. Discover ten tips to help you optimize your cash forecasting process, help your company take care of your customers, and empower your Treasury team in any business environment.
The HighRadiusTM Treasury Management Applications are uniquely powered by an Artificial Intelligence technology created exclusively to redefine the forecasting, bank reconciliation, and cash management processes, so that treasurers spend less manual effort but extract better outcomes such as making more accurate cash forecasts across all cash flow categories, increased forecasting frequency and variance reporting, gaining instant visibility into real-time cash positions across bank accounts at any level and achieving 99%+ straight-through reconciliation of bank statements without human intervention. The solutions are delivered via the cloud which enables them to be seamlessly integrated with multiple systems including your ERP, TMS, accounting systems, and banks instantly and simultaneously.