On the fourth day of Christmas my cash flow guru sent me tips on how to:
by Kylene Casanova
Improve my company’s cash flow forecasting by:
- ensuring that your, “Goal for forecasting is not to predict the future but to tell you what you need to know to take meaningful action in the present”, see: Stanford University Professor’s tips on cash flow forecasting | C&TM File
- always using rolling forecasts, see: Cash flow forecasting tips: achieving successful rolling forecasts | C&TM File
- remembering that there are six key factors in successful rolling forecasts, see: Six success factors for a more flexible way of forecasting | C&TM File
- using these five best practices and avoiding these common mistakes, see: 5 best practice tips for forecasting success and the 5 common mistakes to avoid | C&TM File
- reviewing tips from practitioners, see:
- using the cash flow forecasting modules in today’s TMS, see: Liquidity planning and cash flow forecasting the Reval way | C&TM File, Kyriba v15.0 increases cash flow forecast accuracy and minimizes fraud | C&TM File
- always remembering Peter Drucker’s quote, that: “The best way to predict the future is to create it.” Cash flow forecasting creates nothing.
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