What is a 13 Week Cash Flow Forecast?

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A 13 week cash flow forecast is a short term forecast used during liquidity shortfalls to plan a company’s cash flows and avoid financial distress such as missing payroll, defaulting on debt, and ending up in bankruptcy or receivership. Forecasting


Driven Insights

He went on to share just how much time and energy he wasted worrying because he didn’t know his firm’s cash runway. The CEO of a high-growth SaaS company has plenty of things to worry about on a daily basis.


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Moody’s Teams Up On Small Business Cash Flow Forecasting


Moody’s Corporation is partnering with the Foundation for Small Business Development (FFSBD) to connect small businesses with cash flow forecasting solutions and other financial resources. The company announced in a press release Tuesday (May 21) that it will collaborate to provide cash management tools and financial education for the small business assistance network of Small Business Development Centers (SBDCs).

Cash Flow Forecasting That Sees The Forest From The Trees


The same principal holds true when it comes to forecasting cash flow. In a new PYMNTS interview, Jessica Cheney, vice president, product management and strategic solutions at Bottomline Technologies , talked about the importance of improving that cash flow situation, and the role intelligent technologies can play. Cash Flow Changes. As that happens, SMBs are shifting their cash management strategies. Cash Flow Complications.

Cash Management Saves The Day

CFO Simplified

One of his well-remembered lessons was to improve cash flow. So, the new owner decided to reduce inventory as a means of increasing inventory turns and improving cash flow. In order to track cash flow, a 13-week cash flow forecast was created.

Top Action Steps to Grow Your Business

CFO Simplified

Create a cash flow forecast. A business plan isn’t something that you just create when you start a company, it’s a strategic plan for how you’re going to manage and grow over the next two, five, and 10 years.

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Sage Enhances Real-Time Cash Management With Trovata.io API


Financial management platform Sage Intacct is integrating data from cash management tool Trovata.io to provide real-time visibility into cash positions for corporate users. said it will be positioned in the Sage Intacct Marketplace and integrate with the Sage Intacct solution via API, linking businesses’ accounts receivable and accounts payable data feeds for cash flow forecasting capabilities.

JPMorgan On Corporate Treasurers And Their ‘Digitization Journey’


In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool.

Tech Brings Cash Forecasting Power To Small Biz


Cash flow forecasting technology was once only for the massive enterprise, with resources aplenty to invest in such tools and the internal expertise to understand the complexity of it all. But cash forecasting is democratizing to smaller companies thanks to incoming technology, said TreasuryXpress CEO Anis Rahal. But the benefits to accurate cash predictability are universal across companies of all sizes.

Treasurers Wasting Thousands Of Hours On Spreadsheet Cash Management


and Europe are wasting thousands of hours a year relying on manual spreadsheets to manage cash, according to a new survey from Kyriba. Using Excels spreadsheets to analyze daily global cash positions is the largest time-waster, analysts found, noting that this process alone wastes 1,296 hours a year. Treasury-related accounting tasks, payment fund transfers and cash flow forecasting are also top time-wasters for treasurers relying on spreadsheets.

How To Capture The ‘Holy Grail’ Of Small Biz Cash Flow


Wave’s approach to enhancing SMBs’ handle on cash management is a bit different. As Simpson explained it, WAVE is signing up 60,000 SMBs every month, and as Simpson sees it, can help banks better serve those businesses by doing one very important thing: integrating with WAVE so that financial services features can be baked into the WAVE platform – giving micro/small business owners a single place to do their financial and cash management.

Cash Troubles Bring The Summer Blues To SMEs


“Trading activity might slow down, and invoice payments might take longer than usual to materialize, particularly if key people are away on holiday,” said Hitachi Capital Invoice Finance Managing Director John Atkinson in a statement.”To ”To help bridge the funding gap, our data shows that SMEs are mow likely to seek cash flow finance.” Today, the U.S.

Budgeting for Analysis

CFO Simplified

Bring Value through CFO Insights: Like any forecasting tool, proper budgeting allows management to make decisions that can help the company avoid future problems. A management plan based on that budget to achieve the desired result. The company faced a deepening cash shortage.

HSBC Unveils Cash Flow Management Tool As Pandemic Scrambles Balance Sheets 


As small businesses and other companies struggle with cash flow management amid the coronavirus pandemic, HSBC wants to help. 14) rolled out a “Cash Flow Forecasting” tool through its online banking unit.


Simply Treasury

Major priorities over the next one to two years: We are not surprised that Cash-Flow Forecasting comes out on top when the COVID crisis has been hitting us for the past year. Role of treasury into Working Capital management.

Treasurers Understand — But Aren’t Living Up To — Rising CFO Expectations


A new report from treasury management technology firm Kyriba and CFO Research Services offered CFOs a chance to lay out their wish lists for their treasurer peers, with chief financial officers pushing the treasury function to embrace a more prominent role. There are three key areas of improvement that CFOs told Kyriba they would like to see among their organizations’ treasury teams: enhanced risk management, cash management and working capital management.

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Accountants Find Their Place In SMB FinTech Disruption


Most businesses and accountants still rely on antiquated, paper-based methods to manage some stages of their process,” he said in an emailed interview with PYMNTS, pointing to the continuing popularity of checks and wire. They discover a late or failed payment days or weeks after it was meant to be complete, which can have a severe impact on cash flow.”. B2B Payments accounting B2B Cash Management Finance News paper checks Plooto SMBs Xero

Treasury Finds Itself At Home In FinTech


The rise in B2B FinTech has complicated the picture of treasury management, forcing it to rethink its position in the enterprise. The more payment, cash management, cash flow forecasting, ERP and other digital platforms integrated, the more difficult it can be for a company to envision its own financial health across all of this data. And all of that data, from risk management to accounts payable platforms, have created silos.

Traditional FIs Drive Modernization Through FinTech Pairings


In a statement , Narmi Co-Founder Nikhil Lakhanpal said the collaborators "focused immensely on the user experience, and added seamless cash management tools, entitlements and various other business-focused functionality.".

First Bankcard, Provident Bank Team For Commercial Payments


Macko, senior vice president, director of corporate cash management. First Bankcard , a division of First National Bank of Omaha , has formed a strategic partnership with Provident Bank , First Bankcard announced Wednesday (Jan.

François Masquelier (Simply Treasury): Small is Beautiful

Simply Treasury

The latter too often think that only the "big IT systems" can take care of everything and that they are the only ones that can really manage their finances in an efficient and secure way.

Internal Controls

CFO Simplified

The office manager was integral to the business, and the owner was interested in finding someone to backstop her. Also, although the company was profitable, it wasn’t building any cash balances. Significant Findings and Recommendations: Internal Controls – Cash Operations.

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Back To The Future Of Data Analytics


Lendified announced last week the acquisition of Mentio, a cash flow forecasting company using data from cloud-based financial systems to analyze and predict the future performance of a business. Wright, along with Lendified President Kevin Clark and Mentio CEO Monique Morden, spoke with PYMNTS about the link between SME cash flow forecasting and the ability to reduce risk when financing these companies. The Cash Flow Forecasting Legacy.

Why Rich Business Owners Should Hire the Professional CFO?

Together CFO

Wealthy people are often high on cash but low on ideas because they don’t have much time to think about it. CFO on the other hand offers a wealth of financial management proficiency to your growing business. Cash Management.

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Effective ways finance can navigate digital transformation post-pandemic

Future CFO

We saw an increase in demand for SaaS from CFOs, treasurers who needed to be able to connect remotely to outsourced and managed services. Visibility of cash flow, forecasting, fraud, risk management (FX, third party) and real time are the most requested.

#182 – 2022 Outlook Series: Payment Predictions (TIS)

Strategic Treasurer

So, you know, the first of those that I probably call attention to is cash visibility, real time cash visibility, the value of data at an enterprise level for gaining insights to your organization, right. I was also expecting cash forecasting. Episode 182.

The Rise Of ‘Intelligent Engagement’ In Corporate Banking


FinTech firms like Bottomline have invested in user experience (UX), user interface (UI), usability and, of course, data management. We’re seeing a lot of demand for intelligent cash flow forecasting,” he remarked.

You Won’t Want to Miss these Key Trends in Financial Planning & Decision-making


Planning and decision-making expert Howard Dresner, Chief Research Officer at Dresner Advisory Services recently released its “ 2020 Wisdom of Crowds Enterprise Performance Management Market Study ” report. Now in its 11th year, the report profiles enterprise performance management (EPM) market trends based on customer survey data and ranks vendors against 33 different survey criteria to provide an overall ranking that are categorized as Customer Experience and Vendor Credibility.

Canada’s Path Toward B2B Payables Modernization


Traditional accounts payable suffers multiple points of friction often rooted in that data is stored on paper or stuck in emails, is rarely integrated across multiple back-office systems, and is not easily digitized and analyzed for reconciliation and cash management purposes. Such visibility enables real-time analysis of risk exposures for more agile FX hedging and risk management.

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ERP and EPM Systems – Better Together


Accounts receivable and collections management. Fixed asset management. Treasury and cash management. Most ERP systems are built and deployed using a relational database management system (RDBMS), which is optimized for high-volume transaction processing. So in addition to handling operational reporting on transactional data, ERP solutions also support some basic financial and management reporting. Orchestrating and managing a rolling forecast process.