This document discusses the importance and benefits of cash forecasting for companies. It outlines how accurate cash forecasting can help companies improve productivity, financial controls, visibility, decision making, and risk management. Specifically, forecasting allows companies to better utilize excess cash through longer term investing, debt repayment, and cash repatriation. It also helps with strategic activities like free cash flow guidance, supplier financing programs, and hedging currency risk. The document provides tips for perfecting the cash forecast through collaboration, data consolidation, and ongoing measurement of forecast accuracy.
Infocomm/Corelytics: Getting a Bank Loan (Webinar) - With Key Bank guest Kris Fuehr
There are new realities in obtaining funding. Learn how to get a loan, types of lenders, ratios that matter most and how to build financial strength by watching trends, predicting your future and getting help when you need it. Frank Coker, Corelytics CEO & Special Guest, Don Brown, Vice President, Key Bank.
MHM's J. Scott Denlinger's presentation from the Finance, Human Resources, Business Operations Conference - June 4-5, 2015.
During this presentation, Scott covered:
*Determining appropriate level of reserves
*Building and maintaining operating reserves
*Budgeting for increases in reserves
*How to create a cash flow budget
Infocomm/Corelytics: Getting a Bank Loan (Webinar) - With Key Bank guest Kris Fuehr
There are new realities in obtaining funding. Learn how to get a loan, types of lenders, ratios that matter most and how to build financial strength by watching trends, predicting your future and getting help when you need it. Frank Coker, Corelytics CEO & Special Guest, Don Brown, Vice President, Key Bank.
MHM's J. Scott Denlinger's presentation from the Finance, Human Resources, Business Operations Conference - June 4-5, 2015.
During this presentation, Scott covered:
*Determining appropriate level of reserves
*Building and maintaining operating reserves
*Budgeting for increases in reserves
*How to create a cash flow budget
Ever ask: “How does our retirement plan compare to others?” Learn what Russell Investments believes all excellent DC plans share and actions you can take to help position your plan for excellence.
We evaluate each borrower on multiple parameters which include screening of personal, financial and professional details to name a few. Verified creditworthy borrowers are listed on our platform.
https://www.p2peasy.com/
Futurum training capital budgeting entry levelmputrawal
Futurum training capital budgeting (intermediate)
Date : see at the website “futurum corfinan” (2-day training)
Venue : Hotel at Jakarta Pusat
Notes :
Presentation slides will be distributed in softcopy
Minimum participants = 10 persons
After the training, participants are allowed to discuss about the training materials via email in the website
Contact email : futurumcorfinan@gmail.com
Visit Website and Training Testimonials : google “futurum corfinan”
2017-01-25 A Framework for Strengthening Your Nonprofit’s Investment Reserve ...Raffa Learning Community
Nonprofit Executives and their Boards know they must periodically review reserve or investment policies. They don’t always know, however, what’s involved. Through his work on the Study on Nonprofit Investing (SONI), Dennis Gogarty of Raffa Wealth Management has developed an easy-to-follow investment policy framework which will assist nonprofits in developing or strengthening their organization’s policy and procedures.
Strategies To Navigate Through A Financial Stormwegnercpas
A financial storm comes when factors beyond our control, create a crisis that we must respond to in order to preserve and protect our agency or program. Understand what types of financial storms might occur, identify financial risks and how to minimize them, how to develop contingency plans to respond to the potential for them, the role of reserves and how to determine what is necessary, understand the difference between cash flow management and cash flow forecasting.
Ever ask: “How does our retirement plan compare to others?” Learn what Russell Investments believes all excellent DC plans share and actions you can take to help position your plan for excellence.
We evaluate each borrower on multiple parameters which include screening of personal, financial and professional details to name a few. Verified creditworthy borrowers are listed on our platform.
https://www.p2peasy.com/
Futurum training capital budgeting entry levelmputrawal
Futurum training capital budgeting (intermediate)
Date : see at the website “futurum corfinan” (2-day training)
Venue : Hotel at Jakarta Pusat
Notes :
Presentation slides will be distributed in softcopy
Minimum participants = 10 persons
After the training, participants are allowed to discuss about the training materials via email in the website
Contact email : futurumcorfinan@gmail.com
Visit Website and Training Testimonials : google “futurum corfinan”
2017-01-25 A Framework for Strengthening Your Nonprofit’s Investment Reserve ...Raffa Learning Community
Nonprofit Executives and their Boards know they must periodically review reserve or investment policies. They don’t always know, however, what’s involved. Through his work on the Study on Nonprofit Investing (SONI), Dennis Gogarty of Raffa Wealth Management has developed an easy-to-follow investment policy framework which will assist nonprofits in developing or strengthening their organization’s policy and procedures.
Strategies To Navigate Through A Financial Stormwegnercpas
A financial storm comes when factors beyond our control, create a crisis that we must respond to in order to preserve and protect our agency or program. Understand what types of financial storms might occur, identify financial risks and how to minimize them, how to develop contingency plans to respond to the potential for them, the role of reserves and how to determine what is necessary, understand the difference between cash flow management and cash flow forecasting.
Why Effective Cash and Liquidity Management Is Essential When Responding Duri...Workday, Inc.
It’s critical that organizations have full visibility into cash and liquidity. This webinar replay covers Workday Corporate Treasurer Alice Xu’s cash management strategy, navigating a changing landscape, and her vision for managing cash and liquidity.
My Business is Growing, Now What? Financial Management Skills for the Entrepr...McKonly & Asbury, LLP
This webinar will provide a foundation for entrepreneurs to properly manage their business’ growth and to position them and their business for future success. This webinar will touch upon a number of aspects that all entrepreneurs need to keep on their “radar” outside of top line revenue growth. This webinar will focus on the following key topics: balance sheet management, cash flow management, ratios, and long term value.
A detailed look at the different funding options available to small businesses, including bank financing, alternative lenders, peer-to-peer lending, traditional crowdfunding, equity crowdfunding, investors, prepurchases, and community bonds. Originally delivered to Adventure Elevate conference in Saguenay, Quebec, June 6&7, 2016. For more helpful business and strategy tips, visit http://the-social-entrepreneur.com/blog
Playing the Numbers: Learning the New Rules of Museum FinanceWest Muse
As museums adjust to ever-changing economic realities it is essential to have a few tricks up your sleeve in regard to understanding and analyzing budgets and finances. How can you recognize the warning signs that your organization may be headed for trouble? What do directors, development professionals, and managers need to know about finance in order to steer clear of danger and maintain a healthy operation? This interactive session addresses these questions with specific tools of the trade.
Moderator: Marjorie Schwarzer, Administrative Director, Museum Studies, University of San Francisco
Presenters:
Dr. Robyn Raschke, Associate Professor of Accounting, University of Nevada, Las Vegas
Deborah Frieden, Principal, Deborah Frieden & Associates, Oakland, California
This session looked at the critical risks facing charities in 2023, from decreasing income to increasing costs and the ways that charities should be managing these risks for effective decision making. Should you be spending reserves? How can you budget forecast and make informed decisions in such challenging times? What other imminent changes in the legislation, the sector and government need to be factored into this planning? And what support is out there for charities to tap into?
Where Did All My Profits Go? Mastering the Concept of Working Capital (Series...Financial Poise
Stated simply, Working Capital = Current Assets - Current Liabilities. This equation helps a company (and its financing sources) understand whether it has enough short term cash inflows to cover its short term cash outflows, also referred to as liquidity. But it’s not as simple as that. And, because it is the elemental center of cash flow, which in turn is the lifeblood of any business, it deserves much attention. Understanding the various parts of working capital will allow you to develop a plan for taming your working capital and, instead, have it work for you. In this webinar you will learn what parts of the balance sheet make up working capital and what actions cause the most problems with cash flow. It also covers best practices for managing working capital that will allow you to avoid working capital issues that can negatively impact cash flow, tax acceleration and make financing difficult to find.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/mastering-the-concept-of-working-capital-2020/
The Four Essentials Of Digital Cash Forecastingemagia
Learn about how to forecast cash flow more accurately. Our focus will be on forecasting cash inflow from Accounts Receivable (AR) which is the largest operational source of cash for most companies.
Similar to AFP 2016 - What is your cash forecast costing you (20)
1. What is your Cash Forecast
costing you?
Presented by:
Craig Gross
American Capital, Ltd.
Ed Saavedra
Evraz North America
Bob Stark
Kyriba Corporation
2. Agenda
Today’s discussions
• Introduction to the Panel
• Why Forecast: what is the value of
forecasting and what is it costing you
• Opportunities to improve forecasting
• Cash Forecasting Tips and Tricks
5. Why Forecast – Excess Cash Balances
Shareholders want value from free cash
flow & excess cash balances
• Shareholders have visibility into your balance sheet and
cash flow statement
• Shareholders demanding return on cash
– or return of cash
• Complete visibility confidence to make future
decisions regarding excess cash (regardless of location or
currency)
6. Why Forecast – Excess Cash Balances
Repatriating cash from overseas
• Repatriation of cash: need to prepare for cash balances
allocated to corporate actions (dividends, repurchase,
acquisitions)
• A good forecast will confirm where/when cash is needed
in overseas markets
• Forecasting will reduce cost of unnecessary borrowing,
last minutes wires, and extra FX transaction costs
7. Why Forecast – Investment Returns
Increased Investment
• By improving forecast accuracy, CFOs are able to
reduce idle or underinvested cash balances and
increase returns on cash
• For every $10M of idle cash freed for strategic
investment, bottom line impact can be > $100,000/year
• Centralizing cash through In-House Banking / Cash
Pooling will uncover more idle cash (and increase
mobility back to subsidiary entities)
8. Why Forecast – Debt Repayment
Reduced Borrowing
• Many organizations maintain idle balances but also have
short term and/or long term debt outstanding
• Without a reliable cash forecast, Treasurers hesitant to
commit to debt repayment (save for a rainy day)
• Can pay short term facilities first; others target longer
term borrowing to retain credit availability
• Also focus on subsidiary lending and optimize with In-
House Banking
9. Why Forecast – FX Hedging
Hedge Effectiveness
• A better forecast means a better hedge program
• For a $1B distributor with 50% global revenues, a 1%↑ in
USD means $500M of global revenue becomes $495M
• Increasing hedge coverage from 50% to 75% protects
$1.25M for every 1% in USD
10. Why Forecast – Working Capital
Working Capital Improvement
• Improved visibility into cash flow needs and supplier
payment terms identifies value of extending DPO
• Determines ROI of a supply chain finance program
• Sample scenario:
– $1B annual supplier spend
– Term extension of 30 days
– Annual free cash flow gain of $83M
– Income of $50,000
11. Why Forecast – Free Cash Flow
Free cash flow analysis is performed by
two teams using two strategies
1) Indirect method: FP&A
2) Direct method: Treasury
• Free cash flow is increasingly part of guidance to investor
community
• Confidence in forecasting helps alignment with FP&A
• A good variance analysis gives objective answers
12. Why Forecast – Management Insight
Become a strategic partner
• CFOs (and CEOs) generally ask for cash projections
• Keys to success: Proactive and confident. Getting ahead
of requests will raise treasury’s profile
• If management isn’t asking Opportunity to impress!
14. Perfecting the Cash Forecast
Path to Success
a) Collaboration – involving
the right people
b) Consolidation – incorporating the
right data streams
c) Measurement – feedback loop to
measure and report on forecast accuracy
15. Building the Forecast
Bank Reporting
Cash
Forecast
Business Units
Spreadsheet
Models
ERP
Investments and
Debt
Historical Data
Internal Teams
Derivative
Positions
Payments
Forecasting success is about choosing the right sources
and models for the different forecasting line items
16. Forecast Accuracy – analyzing variances
• Require detailed variance analysis to find the
discrepancies
• Only way to improve forecasting is to uncover and
explain imperfections
17. Cash Forecasting Tips and Tricks
Creating the cash forecast. Forecasting is art. What works for one
will be different than another based on: available information,
dispersion of organization, type of business, etc.
ROI of Cash Forecasting is High: Forecasting enables better
treasury decisions and creates bottom line value. Measure the
results to better justify the value of investing in improved forecasting
Measuring the forecast is the most important part of forecasting.
Without measuring forecast accuracy, it is impossible to know if you
are good at forecasting.