Artificial Intelligence is now being hailed as the Fourth Industrial revolution!
While the influence of the steam and electric revolutions was limited to the shop floor, it was the IT revolution that first altered the working habits of treasury managers. ERPs, TMS, and spreadsheets replaced accounting books, improved information access, and eased collaboration. The result was better efficiencies which in turn broadened a manager’s scope of work but traditional challenges still remained. The forecasts were still unreliable with AR and AP continuing to remain inaccurate, their visibility into the forecast methods and assumptions has not improved and the speed with which they could get a forecast updated remains woefully slow.
Today, Artificial Intelligence and automation are combining the skills of human and machine to once again reinvent Treasury functions. What does this mean for the future of a Treasury Manager? Join us in the 30-minute webinar including Q&A where experienced Treasury Professional and AI Expert, Tracey Knight would give an end-to-end explanation of the improved role of the Treasury Manager using AI-enabled Cash Forecasting.
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.