Treasury and Risk Suite

Cash flow Forecasting Software

AI powered . 95% Accuracy . 50% idle cash reduction

AI-powered cash flow forecasts with upto 95% accuracy. Automate daily cash projections, forecast 12 months ahead and make confident, data-driven decisions.

Cash Forecasting Software
Cash Forecasting Software

Cash Flow Forecasting Software Modules

Auto-ML Forecasts

Auto-ML Forecasts

Auto-ML Models. Best-fit model selection using bank and ERP data. More

No-Code Forecast Modelling

No-Code Forecast Modelling

No-Code, Excel-like Platform. Build models, auto-generate and auto-consolidate forecasts. More

 Advanced AI Forecasts

Advanced AI Forecasts

95% Forecast Accuracy. Improve ML prediction rates with custom data science models. More

 Scenario Analysis

Scenario Analysis

Improve Decision Making. Perform what-if analysis. Build and compare scenarios. More

Variance Analysis

Variance Analysis

Analyze Historical Trends. Forecast vs Actuals variance with category level drill down. More

Bank and ERP Connectivity

Bank and ERP Connectivity

100% Bank Statement Aggregation. Access real-time bank and ERP data. More

PRODUCT

Key Modules

  • Auto-ML Forecasts
  • No-Code Forecast Modelling
  • Advanced AI Forecasts
  • Scenario Analysis
  • Variance Analysis
  • Bank and ERP Connectivity

VALUE

Improve Operational KPIs

  • 95% Global Inflows Forecast Accuracy
  • 95% Global Outflows Forecast Accuracy
  • 100% Automated Bank Integration
  • 98% Automated Cash Flow Category Tagging

Deliver Business Outcomes

  • Reduce Idle Cash by 50%
  • Increase Forecasting Productivity by 70%

Key Modules

  • Auto-ML Forecasts
  • No-Code Forecast Modelling
  • Advanced AI Forecasts
  • Scenario Analysis
  • Variance Analysis
  • Bank and ERP Connectivity

Improve Operational KPIs

  • 95% Global Inflows Forecast Accuracy
  • 95% Global Outflows Forecast Accuracy
  • 100% Automated Bank Integration
  • 98% Automated Cash Flow Category Tagging

Deliver Business Outcomes

  • Reduce Idle Cash by 50%
  • Increase Forecasting Productivity by 70%

Trusted Cash Forecasting Software For Global Treasury Teams

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highradius-customer-company-logos

More Than Just Predictions

Cash Forecasting Software that Powers Your Financial Strategy

How we do it better

AI Remittance Aggregation

Advanced AI Forecasting

The AI analyzes customer and invoice-level data to identify cash flow patterns and predict AP and AR with high accuracy. These insights enable you to anticipate cash flow movements, manage risk and plan for improved liquidity control.
Remote Deposit Capture

Auto ML Forecast Models

The platform leverages over 100 machine learning models, automatically selecting the most accurate and optimized model for your data. It continuously learns from multiple data sources like ERPs, bank statements and adjusts seamlessly to changing business needs, ensuring forecasts remain consistent and accurate.
Bank Connectivity Manager

Bank and ERP connectivity

Direct integration with banks and ERP systems streamlines transaction management by automatically parsing bank statements and classifying transactions as inflows and outflows with 98% accuracy. This seamless connectivity minimizes errors, and accelerates the reconciliation process.
Remittance Auto-Matching

No code Modeling

The no-code interface simplifies the use of advanced AI-driven formulas and forecasting models, allowing teams to work within an Excel-like environment. Teams can easily apply and adjust models without coding expertise, enabling faster customization and improved accuracy.
AI-Guided Exception Management

Scenario Analysis

The dynamic scenario planner lets you model various business scenarios and assess cash positions in real-time. It provides a clear, data-driven view of how different factors impact cash flow. By identifying areas to reduce idle cash, it enables more efficient cash management and empowers faster, more strategic decision-making.
Deduction auto coding

Variance Analysis

Variance analysis tracks deviations between actual and forecasted cash flows, offering deep insights into cash flow patterns. The Variance Analysis Matrix highlights changes over time, enabling finance teams to proactively address discrepancies, allocate funds more effectively, optimize liquidity, and reduce idle cash.
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A Step-by-Step Look at HighRadius Cash Forecasting Cloud

Discover how our cash forecasting software turns complex financial data into accurate forecasts with the power of AI.

Collections Flow Diagram

Maximize Your ROI with HighRadius Cash Forecasting Software

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Disclaimer

The above estimates are based on Industry & HighRadius benchmarks with the assumption of using a single, integrated financial solution. These numbers are designed to be only directional in use. Individual results & performance may differ.

Return on Investment

00%

Potential Savings Annually

00%

Total Hours Saved Per Year
For Your Entire Team
Unlock your projected ROI

Total Dollar Savings Per Year

0.50 hrs

Total Hours Saved Every Year For Your Entire Team

60%

Total Time Saved Per Treasurer Per Week

40%

Total Time Consumed PerTreasurer Per Week

$0

Cost of Each Treasurer Per Week

How HighRadius Cash Forecasting Can Help You

AA ROI

Global Connectivity with Banks and ERPS

Configure custom views by bank, entity, currency, or region as per your need.

AA ROI

Live Cube No-Code Platform

Utilize excel-like, math, and AI formulas to populate cash forecasts in your model.

AA ROI

Generate Highly Accurate Cash Forecasts

AI-based forecasting for AR using bank statements, customer invoices, sales orders, promise-to-pay information, and other available data.

AA ROI

ML-powered Category Forecasts

Automatic selection of the most suitable model for each time period in the forecast, adapting to changing patterns and improving forecast precision.

AA ROI

Improved Decision-making

Execute scenarios on the fly to verify the changes to the base forecast, enabling faster decisions.

AA ROI

Analyze cash flow trends

Drill down to view the underlying data behind the charts and grids. Explore to understand the child cash flow categories contributing to the parent forecast.

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How a Billion-Dollar Construction Firm Tackled Liquidity Shortages For 1800+ Projects

94%

Forecast Accuracy

Workflow Efficiency

Confidence in Decision Making

Proven Results Achieved With Our Cash Forecasting Software

case-study

HighRadius transformed our cash forecasting, reducing our process time from hours to minutes and cutting treasury stress by 25%!

  • 3000+ Work Hours saved per month
  • 20% improvement in forecasting accuracy

Result

Glisson Inguitor

Glisson Inguito

Director, Corporate Treasury,

Brightstar-logo
case-study

HighRadius has significantly improved our receivables forecasting accuracy, enabling more proactive collections and better-informed decision-making!

  • 96% Accuracy in Long-Term Receivables Forecasting
  • 30% improvement in operational efficiency

Result

Kay Rogers

Jacob Whetstone

Director Credit & Accounts Receivables,

Brightstar-logo

A Leading Choice for Treasury Innovation

– Recognized by Industry Leaders

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Recognized as a Major Player in Mid-Market and Enterprise

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Sign up for a Personalized Demo to explore the full capabilities of our cash forecasting software

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Recommended Resources

Trusting AI with Your Money: Cash Management in the Age of Gen AI

Trusting AI with Your Money: Cash Management in the Age of Gen AI

Watch digital transformation experts from Genpact and HighRadius discuss use cases of AI in generating accurate daily forecasts and how it can reduce your cash conversion cycles.

Watch the Webinar
Cash Flow Forecasting: 4 Excel Based Templates For Treasury Professionals

Cash Flow Forecasting: 4 Excel Based Templates For Treasury Professionals

Download this ready-to-use template for treasury teams to track cash inflows/outflows, cash on hand and the closing balance on a daily, weekly, 13-week or monthly basis.

Download the Template
How AI Can Revolutionize Cash Forecasting in 2024

How AI Can Revolutionize Cash Forecasting in 2024

Get insights on how AI is transforming AR and AP forecasting by predicting customer payment behavior and payment durations.

Download the Ebook

FAQs: AI-Powered Cash Forecasting Software Solutions

What is cash flow forecasting software?

Cash flow forecasting software is a tool used by businesses to predict future cash inflows and outflows based on historical data and projected financial activities. It helps businesses anticipate financial trends, manage liquidity, and make informed decisions to optimize cash flow management. 

By analyzing factors such as revenue, and payment timelines, this software provides insights that help in budgeting, planning, and ensuring financial stability. It plays a vital role in proactive financial management, enabling businesses to adjust strategies and operations to meet their financial goals effectively.

What is the best way to forecast cash flow?

  • Start with historical data: Begin by analyzing past financial records to understand spending patterns and income sources.
  • Project future income: Estimate upcoming revenue based on sales forecasts, contracts, and expected client payments.
  • Forecast expenses: Predict upcoming expenses including rent, payroll, and inventory costs.
  • Consider seasonal variations: Account for seasonal fluctuations that may affect cash flow.
  • Utilize cash flow tools: Leverage cash flow forecasting tools or software for accurate calculations and real-time updates.
  • Regularly review and adjust: Continuously monitor actual cash flow against forecasts, making adjustments based on market changes.
  • Plan for contingencies: Prepare for unforeseen expenses or revenue delays by maintaining a cash reserve.

Can I use cash flow forecast software as a budgeting tool?

Yes, cash flow forecast softwares are vital budgeting tools and projecting cash inflows and outflows to enable effective financial planning and decision-making. They provide insights into future cash positions to optimize expenditures and investments, thereby enhancing overall financial management and stability. 

Using cash flow forecasts as a budgeting tool provides a comprehensive view of financial health, enabling businesses to allocate resources and manage cash flow efficiently. This proactive approach helps businesses foresee uncertainties, seize opportunities, and maintain financial stability over time.

How reliable are cash flow forecasts?

Cash flow forecasts play a key role in future cash movements via projected income and expenses. Using a variance analysis software can help analyze cash flow trends and track variances between projections and actuals. The reliability of these forecasts depends on accurate data inputs and market conditions. 

Regular updates and scenario analysis help mitigate these risks, enhancing the forecast’s reliability and enabling businesses to adjust strategies promptly. Despite potential uncertainties, well-constructed forecasts remain essential for maintaining financial stability and liquidity. They empower businesses to make informed decisions, allocate resources effectively, and steer challenges with resilience, ensuring sustained operational success over the long term.

Why should I have a cash flow plan for my business?

A cash flow plan is essential for your business as it helps ensure you have enough funds to cover daily operations, pay debts, and invest in growth opportunities. By monitoring cash inflows and outflows, you can anticipate shortfalls, avoid financial crises, and make informed financial decisions.

Having a cash flow plan also aids in maintaining good relationships with suppliers and creditors, as it ensures timely payments. It helps you identify and address potential financial issues early, improving your business’s financial stability and profitability in the long run.

Can HighRadius Cash Forecasting Software integrate with my ERP?

Yes, our Cash Forecasting software easily connects with popular ERP systems like SAP, Oracle, Microsoft Dynamics, NetSuite, Sage Intacct, and Workday among others, and supports API integration for other financial management systems. It helps you smoothly transfer data and predict your cash inflows and outflows accurately.

How does HighRadius Cash Flow Forecasting Software handle low-volume ERP data?

Our software supports both Excel and CSV formats, making it versatile for non-feasible ERP integrations or low-volume ERP data, simplifying the cash flow data extraction and improving your overall cash forecasting processes.

How much time does it take to implement HighRadius Cash Flow Projection Software?

Every implementation depends on the complexity and customization. However, High Radius has the expertise to deliver the best results in less than 12 weeks.

We approach every implementation with Speed to value. Our team works closely with your treasury and IT teams for a smooth transition with little impact on your existing processes.

How much IT involvement is needed to maintain HighRadius Treasury Forecasting Software?

Our Treasury Forecasting Software solution is simple and requires minimal IT involvement and effort. The solution integrates seamlessly with your existing systems using pre-built connectors.

With ready-to-use modules and best practices built in, your treasury team can deploy and manage it with minimal IT support.

How does HighRadius make A/R and A/P forecasting more accurate and reliable?

Our software leverages an auto-ML system that analyzes historical bank data to select the best modeling method for each cash flow category. Advanced AI models are then customized based on the customer’s industry and data context. We incorporate various data sources, including ERP (AR/AP/GL), bank data, and other relevant information, to deliver highly up to 95% accurate forecasts and clear, actionable insights.

Does HighRadius Cash Flow Forecasting Software integrate with banks?

Our software seamlessly integrates with a wide range of banks and financial institutions due to strong bank relationships.

We gather all your payment details from different bank formats, giving you real-time updates and accurate cash flow  predictions.

How is HighRadius Treasury Suite different from the standard Treasury Management Systems (TMS)?

HighRadius Treasury Suite offers more than a traditional Treasury Management System (TMS). While a TMS handles basic liquidity tasks, HighRadius uses advanced AI to make cash forecasting precise and more accurate.

By integrating with your multiple banks and ERPs, it provides up-to-date insights and automates complex tasks like predicting challenging cash flow categories with ease.

How does HighRadius Treasury Solution differ from the treasury services and tools you get from banks?

Unlike bank provided tools, which can only connect with your bank accounts, HighRadius excels with its ability to link seamlessly with both ERPs and banks.

Banks don’t have the advanced AI/ML capabilities that HighRadius uses to accurately predict and manage challenging cash flow categories or to automatically sort cash flow transactions.

Does HighRadius Cash Flow Software do cash flow budget and forecasting?

Yes, HighRadius cash flow software supports detailed cash flow budgeting and forecasting. It enables businesses to track and manage cash inflows and outflows effectively, allowing them to use the same forecast sheet as a budget sheet and compare it with the forecast. This helps in anticipating future cash needs, ensuring liquidity, and making informed financial decisions.
HighRadius Named a 'Major Player' in 2023 IDC MarketScape Report for Treasury and Risk Management Applications
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