Remove 2022 Remove Cash Forecasting Remove Credit and Collections
article thumbnail

Cash Forecasting: More Important Than Ever

Your Virtual Credit Manager

Photo by petr sidorov on Unsplash Cash forecasting is very important in “normal” economic conditions. A StrategicCFO360 survey from November 2022 of senior finance managers revealed they expect 42% of customers to have reduced liquidity and 43% will pay suppliers late. Conceptually, cash forecasting is simple.

article thumbnail

Rethinking Receivables (Part 2): Why AI-Driven Automation Should Be Part of Any Long-Term Strategy

The Esker Blog

Fortunately, this is exactly what AR automation solutions provide: An easy-to-use, easy-to-implement solution that works by removing the manual bottlenecks throughout the invoice-to-cash (I2C) cycle that are responsible for slowing down cash collection, revenue securement, and, ultimately, your company’s ongoing growth and resiliency.

article thumbnail

8 Essential Features To Have in a Cash Application Software

Gaviti

By 2022, that number had dropped to 50% , but MFA still plays a critical role in security. Data analytics can also provide the information companies need to adjust their credit offerings. Automated cash forecasting enables businesses to plan way in advance and make improved financial decisions.