Using Technology to Eliminate Cash Forecasting Roadblocks

Using Technology to Eliminate Cash Forecasting Roadblocks

About The Webinar

Treasurers were already focused on enhancing their forecast methodologies in 2020 when the pandemic hit, plunging most organizations into a working capital crisis. In response, Treasurers are using technology to develop enhanced cash forecasting approaches to improve management of cash, liquidity and working capital.

Join Jeff Diorio from Treasury Strategies and Tracey Knight from HighRadius for a deep dive into how companies are using new technologies to gather data from multiple systems and departments to complete time-sensitive forecasts while working at home. In this webinar we will discuss:

  • Challenges faced by Treasuries when developing forecasts in the current environment
  • How new cash forecasting technologies can minimize work associated with gathering, consolidating and modeling of data
  • The value of the Cloud and AI to evolve an easier process for creating and managing a virtual cash forecast
  • There’s no time like the present

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    HighRadius Cash Forecasting Cloud – an advanced forecasting system – leverages the proven RivanaTM Artificial Intelligence (AI) platform to provide the most accurate cash flow forecasts – right from a ledger account level and rolling up to the organizational level. Delivered as a Software as a Service (SaaS), the solution seamlessly integrates with your company’s ERPs, accounting systems, banks and order management systems. Multiple AI and Machine Learning algorithms process datasets including bank statement inflows/outflows, sales orders/customers invoices, purchase orders/vendor invoices and expense reimbursements for comprehensive as well as accurate cash flow forecasts. The closed-loop, machine learning feedback system ensures that the forecast models become more accurate with time.