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
White Papers
Provided by Personify Health
White Papers
Provided by Anaplan
Webinars
Provided by Yooz
Further Reading
If a recent survey by payables fintech provider Tipalti is any indication, finance automation is top of mind for most of your CFO peers. ...
It’s that time of year again: Employer health insurance plans are up for renewal. For finance leaders, this period can feel like a lotter...
Heads up: Accountants will no longer enjoy a 45-day grace period to file financial reports after completing an audit. The Public Company...
Before the pandemic, controllers had the luxury of being able to stay focused on company accounting and financial reporting, and not much e...
Even though you may still be working on your organization’s salary increase budget for next year, you should be aware that research i...
The Federal Reserve lowered interest rates for the first time in four years. Fed members told us back in the summer a rate cut was a near ...
