Barriers & challenges
High Value Forecasting is all about generating a cash forecast that is reliable enough to be used for decision making. This means the person that uses it, be it a treasurer, financial controller or CFO, is confident that the forecast they have is as accurate as it can be.
Central treasury and finance teams in large companies face multiple challenges when attempting to consistently generate an accurate cash forecast that they are confident using to make decisions.
These challenges include the complexity of managing streams of data from multiple sources, including people, and not having the time and tools available to monitor the accuracy of forecasts.
Ultimately, these complexities and challenges don’t allow companies to build the confidence they require in their cash forecasts which in turn stops them from using them for high value purposes.
- Numerous ERP’s
- Many banks & accounts
- Multiple currencies
- P&L/balance sheet budget
- Intercompany reconciliation
- Multiple business units
- No cash culture
- Manual consolidation & reporting
- Shared spreadsheets