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Cash flow forecasting ideas from ACT Cash Management Conference

At the ACT Cash Management conference 2015 last week several ideas and tips on cash flow forecasting came up:

  • corporate treasury has to ‘own’ cash centrally before corporate treasury department can get a handle on cash flow forecasting 
  • cash flow forecasting should be central part of your company’s cash management system
  • have regular meetings with senior management, finance department, A/P and A/R to resolve the inevitable points of concern in cash flow forecasting that come up, don’t let them remain unresolved
  • use rolling 13 week forecast (not 12 weeks as this could miss quarterly payments) and which can easily be extended to 26 weeks if needed 
  • make accuracy of cash flow forecasting part of your business units responsibility and remuneration
  • use identical cash flow forecasting accuracy evaluation for all units in the group.

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