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 Anaplan
Webinars
Provided by Insightsoftware
Further Reading
If your company is like most, high energy costs are cutting into your bottom line at an increasing rate. Whether it’s fuel costs,...
Business budgeting season is coming into the home stretch, making it time to consider important factors such as: Will your budget for n...
Companies are sending their “road warriors” out at a rate not seen since 2019. A new study shows companies are allocating more ...
Heads up: Accountants will no longer enjoy a 45-day grace period to file financial reports after completing an audit. The Public Company...
Businesses that let new customers sign up via a click of the mouse may be forced to make cancellation of a subscription just as easy. Th...
Who says Democrats and Republicans can’t agree? A few weeks back, Donald Trump advocated for eliminating taxes on tips of workers in ...
