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Cash flow forecasting tools

Cash Flow ForecastingI would like to find a cash flow forecaster that provides automation and recommendations. I have used excel over the years but quite honestly it is just a glorified ledger in this exercise. Thank you.

Answers

Ernie Humphrey CTP
Title: CEO & COO
Company: Treasury Careers
LinkedIn Profile
(CEO & COO, Treasury Careers) |

Cash flow forecasting is a tough challenge for any financial professional faced with it. Before looking to the technology piece it is critical to: Properly Define Your Cash Forecasting Process, Identify the Resources You Need to Attain your Desired Level of Accuracy, Identify Inherent Barriers to Success,Mitigate these Inherent Barriers to Success, and then look to technology in Aligning Resources: Marrying People, Process, and Technology for success. Here is a presentation posted on Proformative which contains information on other resources in cash forecasting best practices (including technology beyond Excel). https://www.proformative.com/sites/proformative.com/files/Cash%20Forecasting.pdf. To supplement the information you discover on Proformative there are LinkedIn groups focused on cash forecasting and a Treasury Technology group and the AFP (Association for Financial Professionals) often offers solid content around cash forecasting.

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