The Value of Data-Driven Cash Flow Forecasting

Centage

To survive and thrive in the current corporate environment, you need to have more financial data than the competition. The goal is to gather the necessary information to forecast your cash flow quickly, correctly, and frequently. financial forecasting

Aussie SMBs Struggling With Cash Flow Forecasting, Survey Says

PYMNTS

A new report from Commonwealth Bank suggests small and medium-sized businesses (SMBs) in Australia are struggling to make use of the financial data at hand. 15) noted that 54 percent of small business owners don’t feel their efforts in financial planning and forecasting are effective and living up to their potential, with one-quarter noting they do not have the ability to see if their planning efforts were effective.

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How Forecasting Tools Can Pull SMBs Through The Economic Storm

PYMNTS

With more payments and back-office workflows being digitized, companies have more data than ever before with which to work. And the first thing we hear when people reach out to us for help is controllers and finance professionals saying they need to create a forecast — and do it super fast.”

Why Annual Forecasting Has Gone 'Out The Window' For CFOs

PYMNTS

At the start of 2020, chief financial officers and their finance teams were going about business as normal, developing forecasts on a yearly or periodic basis. But when the pandemic hit around mid-March, those annual forecasts were suddenly rendered all but useless.

Blockchain Believers Remain Bullish On B2B Payments Disruption: PayPie

PYMNTS

Part of his vision, he explained, is for blockchain to connect all members of the B2B value chain — businesses, their vendors, financial service providers, tax authorities, auditors, accountants, and more — enabling them all to see the information they need to operate efficiently. This will be critical for corporate finance, for instance as small businesses need solutions to forecast cash flow and gain insight into their own risk profiles.

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

PYMNTS

And, truth be told, many of them don’t put it on much at all; while some of them hire a part-time accountant or rely on their financial institution to help, that often doesn’t really cut it either. Wave’s approach to enhancing SMBs’ handle on cash management is a bit different. I’m also using some type of a data aggregator to scrape data from my bank account and credit/debit card statements and bring it into Wave.

Data Drives Decision-Making

CFO Simplified

Sometimes the information is not available, sometimes they don’t understand what data is needed to move the company forward. In addition, pulling together month-end data was done manually and wasted crucial staff time. Data should provide the basis for any decision-making in a company.

The Key to Making Your Business Future-Proof in 2022

The Finance Weekly

Understanding your company's current financial health and assessing the strength of your cash position is crucial. Cash flow forecasting provides you that much-needed knowledge and is the most efficient approach to begin future-proofing your company for the coming year.

Where Bank Account Data Alone Falls Short For SMB FinTech

PYMNTS

An application program interface (API) ecosystem is growing to transform the financial services (FinServ) sector, and small business (SMB) banking won’t be left out of the shift. APIs offer third-party FinTech firms new opportunities to make use of valuable data stored within traditional bank accounts. So, even when they receive an instant payment, as soon as it’s received, it’s already historical data.”

EACT SURVEY 2021

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. automatic reconciliation, Straight Through Processing / STP, use of mass data, etc.).

Financial Planning for 2023 and Beyond: Steps to Nail Your Three Year Strategic Plan with Modern FP&A

Centage

As you start your financial planning for 2023 and beyond, follow these steps to solidify your three-year strategic plan and boost the odds of achieving your business’ goals. If you want to forecast your financial future, start by looking back at past performance.

Data Hurdles Keep Accountants From Elevating Their Role

PYMNTS

With more organizations embracing FinTech in the back office, businesses are increasingly aware of the importance of data integration between various portals. All of these things require reliable data in real time.” Financial Fitness.

Traditional FIs Drive Modernization Through FinTech Pairings

PYMNTS

Traditional financial institutions (FIs) continue to anticipate future demands and make progress in their modernization efforts, but they're not doing it alone. Plus, one FinTech offers a new spin on the open banking model to drive financial inclusion.

How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. So, why are so many companies relying on them to handle their financial needs?

Financial Planning for 2023 and Beyond: Steps to Nail Your Three Year Strategic Plan with Modern FP&A

Centage

As you start your financial planning for 2023 and beyond, follow these steps to solidify your three-year strategic plan and boost the odds of achieving your business’ goals. If you want to forecast your financial future, start by looking back at past performance.

Checks, Data Sharing Limits Force B2B FinTechs To Find A Workaround

PYMNTS

Analytics technologies like machine learning, artificial intelligence (AI) and robotics process automation (RPA) turned cash flow forecasting into more of a science than it’s ever been. Of course, at the heart of this advancement is increased access to detailed financial data, but it’s not easy for everyone. Small businesses (SMBs) in particular can have trouble not only gaining access to their financial data, but also making sense of it.

How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. So, why are so many companies relying on them to handle their financial needs? Forecasting.

Oiling The Many Moving Parts Of Cash Flow Management

PYMNTS

Cash flow is key to maintaining a viable business during the pandemic. In a recent conversation with PYMNTS, Payference Founder and CEO Prashant Kumar said these conflicting B2B payment strategies aren't the only cash flow challenge finance leaders face today.

How Data Guides A New Era For The ERP

PYMNTS

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. He pointed to financial reporting as one example of this shift.

Back To The Future Of Data Analytics

PYMNTS

Lately, companies have been discussing the role of banks in this pairing-up of old and new; financial institutions provide their capital and consumer base, while alternative FinTech players provide the innovative technology and the underlying infrastructure to connect small businesses with loans. A lot of thinking going on within the traditional financial institutions is on what’s next and where should they go. The Cash Flow Forecasting Legacy.

Financial Forecasting Is Broken—Here’s How To Fix It

Planful

When it comes to financial forecasting, you might find yourself in a reality different from the one you predicted in your last forecast—despite spending most of your time trying to get it right. Coupled with the time-consuming nature of the process, starting from scratch after having poured through tremendous historical data can be exhausting. . Factor in External Factors, Not Just Historical Data. Our FP&A platform helps finance teams avoid data silos.

How to Adjust Your Business Budget When Life Happens

KG Virtual CFO

It helps you avoid overspending and track financial goals. Business owners across the country halted operations and saw a decrease in cash flow thanks to the coronavirus. Utilize Financial Forecasting If you’ve never heard of financial forecasting, here’s a brief rundown.

What is a 12 Month Rolling Forecast?

CFO Share

A rolling 12-month forecast projects financial performance over a 12-month time horizon using the “add/drop” approach to forecasting. A rolling forecast model is a dynamic and advantageous way to plan in an ever-changing business environment. Tie in historical financials.

How Pairing Off Helps B2B FinTechs Stay Focused And Meet SMEs’ Demands

PYMNTS

With FinTech innovators finally starting to give B2B solutions the attention they have longed for, there are now troves of platforms companies can access, from expense management to cash flow forecasting to supplier management. But that meant business customers had limited visibility when making those payments, he said, forcing accounts payables executives to pay an invoice without all of the necessary data to ensure the invoice was accurate and approved.