1 in 4 CFOs now update forecasts this often
More and more frequently CFOs are becoming CAOs.
And we don’t mean Chief Accounting Officers … we mean Chief Agility Officers.
The prime example? Forecasting.
Today a full 25% of your peers update their company’s forecasts on a weekly basis.
So finds The Corporate Cash Management Playbook, a PYMNTS collaboration with Red Hat, Infosys Finacle and Intel.
Old static models just won’t cut it anymore. The past two years hammered that home hard with the cash flow shortages many companies, their customers and suppliers faced.
Now nearly all (93%) of your fellow CFOs say they’ve changed how often they reforecast liquidity.
In search of: real-time data
To get your company closer to the goal of a real-time view, you’ll need to tap your bank’s capacities via:
• cloud computing and application programming interfaces, and
• scenario-based forecasting enhanced through artificial intelligence.
Info: For more on the Playbook, go to pymnts.com/news/b2b-payments/2022/25-pct-cfos-update-forecasts-on-weekly-basis
- Share on
Free Training & Resources
Further Reading
Today’s CFO navigates shifting technologies, increased cyber risks and ongoing labor challenges. Despite this, most still project dou...
Heads up: Accountants will no longer enjoy a 45-day grace period to file financial reports after completing an audit. The Public Company...
A federal ban on employee non-compete agreements may not go into effect in September after all. Two lawsuits scheduled to be decided in...
So is the long-predicted recession near — or here already? Depends on who you ask. The traditional bellwether of a recession, gros...
CFOs are wearing more hats than ever and their list of responsibilities is growing, particularly those steering the ship for publicly trade...
You’re skilled at keeping simultaneous track of your company’s profits and costs, including business operating expenses. Case i...
