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Contextual Cash Flow Forecasting

 

 

Home / Blogs / iGTB’s Cash Flow Forecasting
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Contextual Cash Flow Forecasting

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Transforming the chore of cash flow forecasting from a time-consuming task into something beautifully simple is now within reach. Using machine learning, banks can now provide corporate clients with an advanced tool to build cash balance forecasts based on categorized payables and receivables in just minutes. By leveraging corporate data and the bank’s existing information, this forecasting tool enables deep insights, turning the bank into a more trusted and frequently used resource.

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Contextual Cash Flow Forecasting Using Machine Learning

Machine learning plays a pivotal role in transforming how corporate clients approach cash flow forecasting. This technology highlights upcoming payments, adding intelligence to the raw data the bank already possesses. By doing so, it simplifies the process, providing vital insights into future cash flow trends. Banks offering this feature increase their standing as reliable partners in treasury management, giving clients better tools for liquidity planning and management.

Treasury Cash Flow Forecasting

Treasury professionals need tools that not only provide precise cash flow forecasts but also offer flexibility. By categorizing payables and receivables, a bank can help corporate treasurers build accurate forecasts, whether it’s for investments, loan repayments, salaries, or tax planning. Treasury cash flow forecasting benefits immensely from machine learning capabilities, as it allows for automatic predictions of incoming and outgoing cash flows, based on patterns from previous transactions.

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Automatic Forecasting

Banks can now leverage machine learning to automatically detect patterns in previous cash movements to forecast upcoming items. This enables the system to:

  • Highlight repeated payments or receipts.
  • Visualize key financial metrics, such as periodicity, average amounts, highest, and lowest transactions.
  • Additionally, corporate treasurers can fine-tune forecasts using their superior knowledge of upcoming activities, ensuring a forecast that is as close to reality as possible.

Detect Patterns in Previous Movements to Predict Upcoming Items

This feature allows clients to take a proactive approach to cash flow management, detecting recurring payments or receipts automatically. The system gives a clear view of upcoming transactions, helping treasurers better manage liquidity.

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Powerful Visualisation 1 2048x1191 1

AI-Powered Cash Flow Forecasting

AI-enhanced cash flow forecasting brings the power of prediction to corporate treasuries. With AI detecting past behaviors, it becomes easier for clients to forecast their near-term cash position. The bank benefits by providing a solution that reduces operational load while increasing client satisfaction. AI-driven cash flow forecasting adds precision and speed, giving clients a tool to adapt their forecasts rapidly based on evolving business needs.

Powerful Visualisation

The ability to visualize cash flow in a clear and concise manner is crucial. The solution provides an at-a-glance view of past, current, and future cash movements, including:

  • Daily incomings and outgoings, with a resultant balance for better liquidity management.
  • A summary of movement totals and opening and closing positions during the forecasting period.
  • Highlighted shortfalls or surpluses, enabling users to address potential issues well in advance.

  • At-a-Glance View of Near Future Cash

This feature provides a graphical display, offering clients a snapshot of upcoming liquidity. With the ability to summarize total movements and visualize shortfalls, treasurers can better plan their working capital needs.
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All the Detail at your Fingertips

The scroll down tabular view ensures that every detail is available to corporate treasurers for a comprehensive view of transactions. The table displays:

  • Incomings and outgoings listed by date.
  • Outgoings categorized based on corporate preferences (e.g., investments, salaries, tax).
  • Incomings categorized as sales, dividends, refunds, and more.

Scrolldown Tabular View for Comprehensive Information

This view allows for detailed analysis, ensuring that treasurers can access every financial detail necessary to make informed decisions. With the ability to drill down into transaction-level information, decision-making becomes much more data-driven and transparent.
Powerful But Easy Forecast
Powerful But Easy Forecast

Powerful but Easy Forecast Management

Creating and managing multiple forecasts is made simple with intuitive tools that allow clients to:

  • Create a forecast in minutes, with just a few clicks.
  • Select specific accounts and forecast periods.
  • Name and add notes to track multiple forecasts.
  • Share forecasts with colleagues or keep them private.
  • Integrate forecasts into entitlement workflows for approvals.
  • Forecasts automatically deactivate after their end date, ensuring smooth and error-free cash flow management.

Create and Manage Multiple Forecasts Easily

Managing multiple scenarios is key for corporate treasurers. This solution provides flexibility, enabling treasurers to view different ‘what-if’ scenarios and compare them, all within minutes.

Powerful But Easy Forecast
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Crack the Data Acquisition Problem

One of the biggest challenges in forecasting is the ability to collect and centralize data from various sources. This solution tackles that issue head-on by supporting:

  • APIs for seamless integration with other systems.
  • File uploads and connections to popular accounting apps such as QuickBooks.
  • Manual input and adjustments for full flexibility.
  • Data export options to Excel, CSV, and similar formats for further analysis.

Data Collection from Multiple Sources

The integration with external data sources through APIs and file uploads ensures that treasurers can effortlessly gather all the necessary data to create comprehensive forecasts. This saves time and reduces errors, making the system a valuable asset.

Powerful But Easy Forecast
Powerful But Easy Forecast

Banking Cash Flow Prediction Solutions

The solution benefits the bank as much as the corporate customer. With the ability to gather past, current, and future payment data, banks can build closer relationships with their clients. This increases client stickiness, encouraging more use of the bank’s portal and services. By offering a forecasting solution integrated into the bank’s digital platform, clients are more likely to consider the bank their primary financial partner.

Comprehensive Cash Flow Forecasting Solution

The ultimate benefit of this cash flow forecasting tool is its ability to combine powerful machine learning with an intuitive interface. Banks can offer corporate treasurers an innovative solution that provides fast, accurate forecasts with minimal effort. The forecasting tool not only improves efficiency but also fosters greater collaboration between banks and their clients, making the bank an indispensable part of their financial strategy.

Powerful But Easy Forecast

A Win for the Bank and the Corporate

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For banks, the advantages are clear:

  • Zero operational cost for increased customer stickiness.
  • Seamless integration into the bank’s portal.
  • Encourages greater client intimacy by providing valuable financial insights.
  • Positions the bank as the principal partner for corporate treasury solutions.

For corporates, the benefits include:

  • Faster and more accurate cash flow forecasting.
  • Improved cash management capabilities.
  • Greater transparency and control over financial planning.
  • With a cash flow forecasting solution like this, both the bank and its corporate clients are poised for success in the evolving financial landscape.
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