Developing an Accurate Cash Flow Forecast

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The value of an accurate cash forecast is very well understood, but for many organizations the reality of developing an accurate cash forecast seems to be beyond their reach. While most treasury professionals understand the benefits of reducing overdraft facilities to better manage bank costs, finding trapped cash to invest in the business and/or reimburse debt, and optimizing interest income/expense - many are still dealing with the lack of visibility or integration with systems that control banks and their ERP system. Some organizations are still using spreadsheet solutions which leaves them vulnerable to failures that often prove to be very difficult - or even impossible to recover. In this webinar the speaker panel: 
 
  • Addressed some of the common problems associated with developing an accurate cash forecast 
  • Provided you with some immediate helpful pointers on how to improve your cash forecast 
  • Discussed how to proactively get ahead of those obstacles in order to deliver a more accurate cash forecast that provides true value for your organization

 

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Why are accurate cash flow forecasts so hard to achieve?

Why are accurate cash flow forecasts so hard to achieve?

Cash flow forecasting is one of the fundamental foundations of treasury. However, less than a third of treasury professionals believe that their cash flow forecast is accurate. Why is this, and what can be done about it?

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Featured Speakers: 

Frederik Westerling, Principal - Deloitte & Touche LLP

Frederik brings over 15 years of Corporate Treasury experience both as a practitioner and a consultant. Frederik has had engagements within the US and Europe focusing on mergers & acquisitions, corporate treasury operations and treasury technology.  Most recently, Frederik has assisted clients with setting up several Treasury functions for targeted spin-offs.  Frederik has designed, tested, and implemented Cash Forecasting programs for several clients. Frederik has been involved in several Treasury Management Systems implementation projects in a PMO-support role and supported IT with system configuration changes.  Frederik has performed several global Treasury Assessments, and has advised clients on cash pooling structures.
 

Gregory Person, VP, Global Presales - Kyriba

Gregory has been a finance and treasury practitioner for 14+ years, with extensive experience in global treasury operations including U.S. and international cash management and strategic cash flow forecasting – working with large multinational corporate treasury departments. Over his career, Gregory has held positions with Microsoft, EMC Corporation, Boston Scientific and Wall Street Systems, and recently joined Kyriba to lead its global presales organization. Gregory holds Bachelor of Science degrees in Finance and Philosophy from Northeastern University and is a Certified Treasury Professional (CTP).