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Cash Forecasting: More Important Than Ever

Your Virtual Credit Manager

Photo by petr sidorov on Unsplash Cash forecasting is very important in “normal” economic conditions. Subscribe now How Cash Forecasting Is Done Cash forecasting is the process used for projecting how much cash you will have on hand in the future. Conceptually, cash forecasting is simple.

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Forecasting Collections – A Key Element of Your Cash Flow

Your Virtual Credit Manager

Cash forecasting is the process used for projecting how much cash you will have on hand in the future. Short term cash forecasting is usually done for every week of the forecast period, typically the current month. Longer term forecasts are useful for planning. How is Cash Forecasting Done?

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Top Use Cases for Order-to-Cash

Emagia

A second use is for traditional credit functions: cash application and cash forecasting become easier with AI. What is Cash Forecasting? Cash forecasting is the process of estimating a company’s future financial position to ensure it can meet its obligations over a specific period.

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Increase the Liquidity of Your Receivables Portfolio

Your Virtual Credit Manager

Maintain an Up-to-date Cash Forecast It is not enough to only forecast cash at month’s end. Those events along with AR insights need to be reflected in the cash forecast — at the very least on a weekly basis. Only then will you be able to react and consistently achieve your cash flow goals.

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Unleashing the Potential of Artificial Intelligence in Cash Flow Forecasting

Emagia

Why is Cash Flow Forecasting Essential to Support the Profitability and Growth of Businesses To make informed decisions regarding supplier orders, what inventory of materials or finished goods to maintain (depending on the industry they are in), staffing additions, or marketing budgets, businesses should be able to anticipate its cash position.

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Rethinking Receivables (Part 2): Why AI-Driven Automation Should Be Part of Any Long-Term Strategy

The Esker Blog

AR managers/leaders — With automation, AR leaders have the tools and technologies to be true partners to their business by empowering the people and optimizing the processes that impact cash collection.

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Collections Dashboard: Why Is It an Essential Growth Tool?

Gaviti

A high charge-off rate indicates that the collections team has not effectively converted invoices into cash payments, which makes low charge-off rates ideal. Cash Forecast Accuracy. Cash forecast accuracy measures how well a company estimates its future cash position.