How to Build an Accurate Cash Forecast

Description: Struggling with Cash Forecasting? You Are Not Alone. If an acquisition, a product launch or a new market entry is planned, treasurers are asked to put together cash positions and funding options. Although this is the most natural request, it is often a struggle for many treasurers to complete this task due to operational inefficiencies. It can take extraordinarily long amounts of time to manually collect and aggregate information from different systems, departments and business units in their Excel spreadsheets. And in the end, the spreadsheets will tend to be error-prone and these treasurers will not be confident that their cash forecast is accurate. When this happens, most treasurers realize that they must break with this unsatisfying status quo.