Forecasting is at the heart of everything the finance team does. You essentially need to predict the future and assess how it will impact your organization.
An accurate cash flow statement developed during the planning or forecasting process can serve as an alert mechanism for any future problems caused by an unfavorable cash position.
So, the question is, how well do your current tools support scenario planning and forecasting?
- Spreadsheets (Excel) - Difficult to develop and maintain versions, dynamic financial statement links and what-if analysis
- ERP Systems - Most ERP systems do not support best-in-class planning and forecast modules
Download our latest eBook to explore the how to transform your scenario planning and forecasting capabilities and the critical role it plays in your ability to accurately forecast your cash flow.