19.08.2011 - Eprox publishes a business article on Cash Flow Forecasting in GTNews
As recent surveys have shown, corporate treasurers dedicate a lot of resources and attention to their cash flow forecasting processes. Despite these efforts, many challenges are seen as obstacles in the way to an effective cash flow forecasting process. Challenges such as decentralised treasury structures and the difficulties of managing forecast data quality, are two examples that can seem insurmountable.
Eprox is convinced that increased efficiency of the cash flow forecasting process and the reliability of its results can only be reached by improvements in intercompany co-operation.
Derived from practical experience we have identified four factors of similar importance that will have to be mastered in cash flow forecasting in order to reach excellence:
- Multidisciplinarity, which represents the integration of related disciplines into the cash flow forecasting function.
- Flexibility, which represents the flexible but consistent design of the cash flow forecasting system.
- The intensified forms of co-operation between the head office and the planning entities.
- The use of adequate financial incentive schemes.
The article was published on July 15th on the GTNews-website. In the article we discuss these system and business related factors further.
With the EPROX LIQMANAGER we moreover offer an integrated software solution for state-of-the-art liquidity planning and liquidity management.
Please feel free to contact us if you wish to receive further explanations to this topic. We are happy to provide a more explanatory copy of the article to you upon request.
Download (PDF, 321KB) - What are the Required Factors to Reach Excellence in Cash Flow Forecasting?
