Cash Flow Forecasting
Cash flow forecasting is one of the most difficult, yet important, aspects of financial management. Sageworks' cash flow forecasting solutions assist in modeling "what-if" scenarios for a business and in building cash flow forecasts. Cash flow forecasting helps to standardize and add value to month-to-month cash management practices. For example, if a product supplier goes out of business, stalling your production or drastically increasing Cost of Sales, would you use your cash to find another vendor or pay the associated premium costs?
One point to consider is to always be conservative. Be skeptical about your managers’ and your own forecasts, especially when it comes to sales and expenses. Learn more about cash flow forecasts in the whitepaper below.