Recession Proofing Your Business: Cash Forecasting During Age of Volatility

About The Webinar

With the threat of a deep recession looming large on the horizon, companies realize that maintaining liquidity is essential to navigate this crisis. Tasked with ensuring sufficient liquidity, Treasurers must provide the CFO and Board with accurate forecasts which predict possible devastating events. Foreknowledge of a possible cash crunch can enable Treasury to apply measures to mitigate the impact and ensure the continued viability and credit worthiness of the company.

This is, however, easier said than done! COVID-19 is a black swan event, meaning there are no historical data points for Treasury to refer to. Further, key cash flow indicators such as DSO are changing so rapidly that the assumptions made while forecasting are often rendered irrelevant by the turn of the week.

With CFOs demanding accurate and current views of cash, how can Treasury departments ramp up the speed with which they forecast to deliver each iteration in real-time, especially when teams are working remotely?

For answers, join the 30-min webinar where Tracey Knight and Bill Weiss discuss how companies can quickly pivot to the new norms, using cash forecasting technology to generate accurate forecasts on a real-time basis.

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HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.