Cash Flow ForecastingWhy can't you forecast cash flows better? How many times have you been asked that question? There's no easy answer, but TIS can help you.
Our approach to cash flow forecasting comes from our hands-on experience working with all kinds of organizations. Sometimes we evaluate an existing system and offer recommendations for improving it. If no good system exists, we can help replace it or create a new one. In either case, we strive for:
- The simple method over the complex one
- A procedure that can be incorporated into your existing treasury function
- A process that relies on easily available, accurate data
- A methodology that is self-correcting.
A Customized Cash Flow Forecasting SystemWhen we are finished, your system will be customized to your organization and your needs, and your treasury staff will be able to use it with minimal training. We may recommend changes in your treasury procedures to improve data accuracy.
We do not provide complicated software applications. It's not the software that makes or breaks a forecasting system. It's knowing what data you need and how to get it. Simple systems work. Our cash flow forecasting project deliverables include:
- Customized templates
- Full documentation of procedures
- Suggested management reports
Find out more about our approach to cash flow forecasting from Cash Flow Forecasting: A Hands-on Approach by Ken Parkinson, available at TIS Books.