The information is exported into Excel, Text, or PDF format and stored for future reference. The data is sent in a supported format into ERP, or TMS, or Excel for reporting. How is this information shared or reported? Machine learning improves the accuracy forecasts continuously by reducing the variance with the help of previous bank statements. Variance analysis offers an end-to-end performance review based on the difference in actual vs forecast to spot the anomalies and fix them. Excel on Web facility enables manual input by users to make adjustments that automatically reflect in the forecast to prepare for several situations. The dashboard assists in viewing forecasts by days, weeks, or months, and filtering forecasts for different cash flow categories, subcategories, entities, regions, or companies. The forecast provides global cash visibility. What information is available from these forecasts? This can be done on an invoice, customer, company, bank, or regional level. For data processing, open invoices are matched against certain parameters such as DSO, and the payment date is predicted. The HighRadius solution then feeds the data into a sheet in your preferred format. It also supports the manual upload of data. How does that data get processed and sorted?Ĭash position is tracked seamlessly from a variety of data sources like ERP, TMS, banks, and other accounting systems, or via systems through API integration and FTP. The graph helps in analyzing when and where you are facing or are going to face a drip in cash. The solution allows you to view those balances in your preferred currency. The HighRadius dashboard is tailored to give an accurate high-level view of the present and expected cash movements, you can compare your net closing balance of the past with the current and EOB closing balance. Being a finance expert is now just one cloud away The HighRadius solution is an AI-powered user-friendly SaaS software that delivers accurate forecasts that provide analytical insights into your firm’s liquidity and foresight to its future monetary position and provides confidence to treasurers ensuring business continuity and development. Besides, it provides automated data upload and consolidation and allows drilling down to line items for detailed analysis. It helps in understanding trends based on past information and reduces the complexity in controlling finance by reducing manual and time-taking tasks. Online forecasting is built for treasury and finance teams to manage cash flows and enable real-time visibility through dashboards and reports. Real-time information leads to accurate reporting for making efficient decisions. The variance analysis is improved with automation. It seamlessly integrates with multiple ERP systems, bank portals, and TMS, hence enhancing visibility, and reducing errors. By the time, the reports are sent, the data becomes obsolete and the lack of recent data poses a threat to accuracy in forecasts, leading to poor decision-making.Īn online cash flow forecasting software is a SaaS product that has a cloud-based platform: a one-stop-shop storing all that necessary information. The data scattered across various platforms minimize visibility. actuals.īut, gathering data from various sources and global collaboration is painstaking while using spreadsheets, and increases the scope of human errors. They need a solution that tracks cash movements, supports seamless integration, and drills down to the root cause of variance in forecast vs. Today, practitioners want to forecast frequently, with more accuracy, scalability, and visibility. What capabilities does an online cash flow forecasting tool have?
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