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
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