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Since 1999 we have implemented
Cashbook solutions in approximately 18
sites across Europe. We have found
Cashbook’s team of consultants to be
diligent and effective in implementing
their solutions.

Richard Larter, IT Director, Autobar Group,
EMEA - Customer since 1999
Cashbook Cash Forecasting is a solution developed specifically for companies using ERP
Financial solutions.

Cashbook Cash Forecasting reviews all open invoices on your ERP’s Accounts Receivable and
Accounts Payable systems. We use purchase order information and enable one-time payments
and receipts to be manually entered that occur externally to the ERP system. We upload payroll
information and capital expenditure data to completely summarize all cash in and cash out
transactions.

AR Receivables and AP Payables will provide a primary indication of projected cash flow, and this
information is retrieved from the Invoice Files on the ERP system. However, relying on the data
simply per the ERP system will not give an accurate reflection of expected inflow and outflow of
cash. Other factors influence this data, affecting the actual timing of settlement as well as the
actual amounts received or paid.

For example, a company might generate an Electronic Payment file on the 13th and 27th of
every month in settlement of payables up to the 16th and 31st of every month, respectively. A
Cash Flow Report based on the AP Invoices file would indicate the payables daily based on the
AP Invoice Due Dates, rather than on the 16th and 31st (allowing for clearing days) of every
month. The same scenario could apply to Receivables collected electronically. Our solution
allows for manipulation of data based upon known clearing rules of electronic payments and
checks and previous customer behaviour.

Features:

Within Cashbook's Cash Forecasting we enable the following:

  • Adjust ERP data to reflect known customer behaviour patterns
  • Adjust exchange rates to provide what-if scenarios on forex transactions.
  • Save forecasts and compare them to actual cash inflows afterwards. This enables analysis
    of successful forecasts and mistakes made ensuring you “learn” from the information
    captured and segmented in our forecasts

Benefits:

  • The primary objective of Cash Flow Cash Forecasting is to indicate expected Cash
    Receipts and Cash Payments over a defined period of time so that Cash may be efficiently
    managed and optimum benefits obtained from Cash Funds available at any particular time.
  • Benefits of using this module include:
  • More accurate Cash Forecasting data
  • Includes all the information you need and reduces time required to modify parameters in
    manual solutions
  • Avoids timely updating of Excel spreadsheets
  • Provides comparison with historical as a reality check on current forecast
  • Better decision making across the Finance department as a result
  • Timely information reduces risk of excess or insufficient funds
  • Consolidated, supported tool avoids reliance on individuals in the organization who are the
    only ones “who know all the rules”

Finance

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