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Short-term forecasting predicts the company’s cash flow for under 12 months, while long-term forecasting looks beyond twelve months. What is Short-Term CashForecasting? Short-term forecasting looks at the cash inflows and outflows over a shorter period. What Is Long-Term CashForecasting?
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.
Here are some critical features of cash application automation software: Automated payment reconciliation compares invoices to payments and reconciles discrepancies. Automated cashforecasting enables businesses to plan way in advance and make improved financial decisions.
Advanced accounts receivables solutions offer autonomous invoice-to-cash platforms that include artificial intelligence (AI) capabilities as sanity checks for current decisions while at the same time offer suggestions to proactively optimize results. improve emails, workflows, suggest credit limits, etc). Speak to a specialist today!
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