Most companies struggle with cash management and forecasting using complex spreadsheets.
Manually formulating all the inputs needed for reliable and accurate cash forecasting is tedious work and error-prone. It’s also subjective and people-dependent - if your superstar finance team member goes on vacation, can others do the job without compromising quality?
The good news is that a lot of this work can be automated. With the right tools in place, the inputs (such as invoices, order backlogs, bank balances, payroll) can be gathered in near real-time. Correctly applying Machine Learning techniques can find hidden patterns in your data to make more accurate predictions about when your customer will actually pay.
A lot of finance teams still juggle spreadsheets for cash forecasting but they don’t have to.
Would you like to discover how businesses like yourselves can achieve a decreased DSO and accelerated payments, generating over 10x ROI using Payference?