Complimentary Webinar

5 Steps to Improve Cash Forecasting

Accuracy with Artificial Intelligence (AI)

Thursday, July 25, 2019 | 01:00 PM - 1:45 PM CT

Key Takeaways Include

  • Findings from the 2019 Fortune 1000 Cash Forecasting Trends Survey
  • Essential variables and datasets for accurate A/R & A/P forecasting
  • Data integration approach to leverage AI for accurate forecasting
  • Tips to migrate from spreadsheets to Artificial-Intelligence based models

Speakers

Sayid Shabeer
Sayid Shabeer
Chief Product Officer
HighRadius

About The Webinar

“Forecast accuracy increases as extensive data is analyzed intensively.”

A recent survey with treasury teams from leading Fortune 1000 companies revealed that the main reasons for inaccurate cash forecasts included unusual spikes in A/P, uncontrollable timing of A/R, price volatility and market dynamics. This means that treasury teams could produce more accurate forecasts if they could process and analyze more extensive datasets across A/R, A/P and other cash flow categories.

 

But, can treasurers handle such complex datasets without wasting time on data-mining or excel modeling? 

 

Consider receivables forecasting as an example. Invoice-level payment dates can be accurately predicted by calculating the forecast using around 30 variables (~60 for some companies) ranging from open invoice data to historic and recent customer payment behaviour. But, how can your treasury team process this data, let alone determine the 30+ variables to track?

 

Artificial Intelligence-enabled cash forecasting models automatically generate high-accuracy reliable forecasts across all categories and timeframes, allowing treasurers to focus on strategic decision making. Join this webinar to learn how your treasury team can start adopting AI-enabled cash forecasting into their everyday practice.

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About HighRadius

HighRadius’s Award-winning AI-enabled solutions powers 200+ Fortune 1000 companies optimizing their Order-to-Cash and Treasury Process. HighRadius™ Autonomous Systems, comprising of Integrated Receivables™ , Cash Forecasting Cloud, Rivana™ and Freeda™ , uses AI-powered technology and digital assistants to improve your Receivables and Treasury processes beyond best-in-class industry benchmarks.