Cash Forecasting

ML-powered Category Forecasts

Out-of-the-Box Forecast Creation. Use historical bank data and ERP data for cash forecasting.

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Key Features

AI-based E-Mail Remittance Capture

Best Fit Model Selection

Automatically choose the best-fit model from  1000s of models evaluated based on back-tested accuracy metrics.

AI-based E-Mail Remittance Capture

Heuristic Model

Get the best-fit models based on historical transaction data to accurately predict each cash flow category.

AI-based E-Mail Remittance Capture

Model Selection by Time Period

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

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Enterprise Customers
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Recommended Resources

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

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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.

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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.

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FAQs: AI-Powered Cash Flow Forecasting Software

What is cash forecasting software?

Cloud-based cash forecasting software is a powerful tool designed to predict future cash flows accurately. With intuitive features and advanced analytics, it helps businesses forecast their cash inflows and outflows, optimize liquidity management, and make informed data-driven financial decisions to drive growth and profitability.

What are the benefits of using cash flow forecasting tools?

Cash flow forecasting tools offer businesses future cash flow predictions with up to 95% accuracy, empowering proactive decision-making for optimized liquidity and working capital management. Real-time insights, scenario analysis, and customizable AI/ML forecasting models enhance cash flow visibility, reducing idle cash by up to 50%, and increasing overall forecasting productivity by up to 70%.

How does a cloud forecasting software help in forecasting cash?

Cloud forecasting software utilizes advanced AI/ML algorithms and real-time data analysis to accurately predict future cash flows. With customizable category-based forecasting models and intuitive dashboards, it empowers businesses to proactively manage liquidity, optimize working capital, reduce idle cash, and make informed financial decisions for sustainable growth.

What are the features of a cash forecasting software?

The best cash flow forecasting software's features include customizable advanced AI/ML category-based forecasting models, real-time data analytics, and intuitive dashboards for actionable insights. Its ability to integrate with ERP systems and various banks to provide accurate predictions helps businesses optimize liquidity, reduce financial risks, and drive profitability with confidence and precision.

How to choose the right cash forecasting software for your organization?

The best cash flow forecasting tools don't have just one AI model for all cash flow categories; they offer an auto-ML system that reviews all prior bank transactions and selects the modeling method with the highest prediction accuracy for the category at that time. HighRadius is the best cash forecasting software due to its advanced AI for AR and AP cash flow categories.

Does a cash forecasting software integrate with ERPs?

Cash flow planning tools seamlessly integrate with most ERP systems, including SAP, Oracle, NetSuite, Sage Intacct, Workday, and Microsoft Dynamics, among others. This integration ensures smooth data exchange between your ERP and cash flow forecasting tool, allowing businesses to accurately predict cash inflows and outflows and make data-driven financial decisions with increased productivity.

How much time does it take to implement a cash forecasting software?

The implementation time for a cash forecasting software varies based on the complexity of your organization's requirements. However, the HighRadius Speed to Value methodology guarantees swift implementation and ROI realization within 3 to 6 months, setting an industry benchmark. Our dedicated implementation team works closely with you to ensure a smooth transition with minimal disruption to your cash flow forecasting process.

Does a cash forecasting software integrate with banks?

Cash flow software for enterprise and mid-market business seamlessly integrates with a wide range of banks and financial institutions. Our flexible integration capabilities ensure that payment information from all the industry-standard bank payment files and formats is captured, providing real-time visibility, accurate cash forecasts, and control over your financial transactions and balances, enabling you to make better liquidation decisions.

How much IT involvement is needed to maintain a cash forecasting software?

Cash forecasting software needs to be designed for minimal IT involvement. With seamless plug-and-play integration into ERPs using real-time APIs and Hex (SFTP) connectors, along with pre-built modules and industry-specific best practices, customers can deploy HighRadius remotely with ease, reducing all IT dependencies.

How does a cash forecasting software handle data security and privacy?

Cash forecasting software prioritizes data security and privacy, adhering to stringent industry standards such as GDPR, ISO, PCI DSS, HIPAA, and SOC. HighRadius employs robust encryption protocols and role-based access controls to safeguard your sensitive financial data, ensuring the utmost confidentiality and compliance with regulatory requirements.

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