Following a survey undertaken in 2003 by GTNews, the online global resource provider, only 26% of senior finance professionals expressed a firm belief in their ability to accurately forecast their up-coming cash flow positions.
The figures are surprising, considering a total of 92 per cent of survey respondents said they attach a ‘high’ or ‘very high’ level of importance to accurate cash flow forecasting. Barely a quarter reported that reality matched aspirations – only 26 per cent stating cash flow forecasting accuracy was ‘high’ or ‘very high’ within their own organisations.
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