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.
HighRadius’ Award-winning AI-enabled solutions power 200+ Fortune 1000 companies to optimize their Order-to-Cash and Treasury Process. HighRadius’ Autonomous Systems, comprising of Integrated ReceivablesTM , Cash Forecasting Cloud, RivanaTM and FreedaTM , use AI-powered technology and digital assistants to improve Receivables and Treasury processes beyond best-in-class industry benchmarks.