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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