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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. The uncertainties surrounding the economy explain the difficulty in producing reliable and accurate forecasts.

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Cash-Flow Forecasting remains KING

Simply Treasury

“If you have to forecast, forecast often” (Edgar R. Need for reliable forecasts. Nobody could deny the importance of having accurate and reliable Cash-Flow Forecasts (CFF). Often, we heard “ cash is king”. However, knowing if you will get cash and how much is even more important.

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JPMorgan On Corporate Treasurers And Their ‘Digitization Journey’

PYMNTS

However, those data attributes are critical when it comes to automatically reconciling incoming and outgoing payments, and for supporting cash flow forecasting. Larger, more established firms may have specific pain points to address, such as foreign exchange (FX) mismatches across several accounts.

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Canada’s Path Toward B2B Payables Modernization

PYMNTS

A recent report from Deutsche Bank explored the opportunities of faster and real-time payments in the corporate treasury function, pointing to foreign exchange management, for instance, as one area in which visibility into transaction data is key. Open Banking.

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How cloud accounting made me enjoy the finance industry again

Creative CFP

When you pay the foreign supplier or receive money from a foreign client, Xero calculates the foreign exchange profit and loss and posts the journals automatically. Instead, I can look ahead in business and focus on cash flow forecasts and company targets and help business owners prepare for what is coming.