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Cash flow forecasting software recommendations needed please

Roger Frederick's Profile

This is for a professional services consulting business.


Topic Expert
Linda Wright
Title: Consultant
Company: Wright Consulting
(Consultant, Wright Consulting) |

Sungard, Kyriba and even SAP have products, but the key to success is full engagement of the business (sales, claims, operations) to insure data integrity.

Sarah Jackson
Title: Associate Editor
Company: Proformative
(Associate Editor, Proformative) |

Roger, you might want to take a look at this free white paper from the vast Proformative Library Of Free White Papers:

'Improving Working Capital Management and Cash Flow Intelligence"

Good luck!

Best... Sarah

Topic Expert
Doug Thompson
Title: Director of Revenue
Company: Castlight Health
(Director of Revenue, Castlight Health) |

Cash flow is often done in Excel unfortunately.

Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

It's a little tough to help with specifics without knowing your company size, key functional requirements and some indication of budget.

That said, apart from products listed by Linda, you could try , Host Analytics, Alight as well.


Topic Expert
Henry Schumann
Title: Manager FP&A
Company: Allscripts
(Manager FP&A, Allscripts) |

If your company is a Hyperion user, they have a module called Strategic Finance which includes cash flow forecasting. If your company is smaller in size, Excel can meet your needs to forecast 13 weeks in a quarter or 4 quarters in a year.


Gerry Anderson
Title: President and Founder
Company: Logicon Solutions
LinkedIn Profile
(President and Founder, Logicon Solutions) |

If you really want powerful cash flow forecasts, I would recommend using something like Decision Suite from Palisade that uses probabilities and allows you to really create powerful prescriptive cash flow models. We have some great cash flow automation tools as well for reporting only. Contact me if you have questions.

Topic Expert
Keith Bergman
Title: Managing Director
Company: Ledgewood Advisory Group
(Managing Director, Ledgewood Advisory Group) |

Before you decide to buy software you need to consider the type of inputs you have and your business. Questions to ask are do you have a lot of FX Transactions, debt and investments with interim interest payments. This information together with your AR, AP, Payroll and budget information all needs to be aggregated by time horizons in order to provide an accurate forecast. Look at where the information is currently stored and consider the requirements to get all of this information into one place.

Cash Flow Forecasting software exists as a stand alone application, but are usually included as part of a suite of other treasury functionality. My recommendation is to decide what you really are looking for before you start looking at software providers.

When considering a vendor look at the interface capabilities, how you manually input information and if they can segregate and tag the data. Look at the ease of creating informative displays and time horizon views.

Topic Expert
John Orlando
Title: CFO
Company: Centage
(CFO, Centage) |

The key to building a successful cash flow statement involves the synchronization of income statement and balance sheet data at a summary or detail level and the ability to maintain that relationship whenever you make changes.

A direct benefit of this approach is the ability to produce two cash flow reports; Direct and Indirect as you enter your budget or forecast information. Additionally, the cash flow can be run at a consolidated or department level.

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