The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Cash management: Corporates look to the future

The mechanics of treasury forecasting have come under intense scrutiny during the last nine months as corporates seek to optimize their cash management.


One of the most intriguing discussions at September’s EuroFinance conference was around whether or not firms were overcomplicating their forecasts.

The panel looked at how treasurers could assess the inaccuracy of 30-day and quarterly cash forecasts and improve the main drivers of accuracy, analyzing the internal and external metrics that had the most impact.

According to panel participant Daniel Blumen, a US-based treasury consultant and partner at Treasury Alliance Group, the main issue for treasurers is distinguishing between one-off problems – a delayed payment or a sale that did not materialize, for example – and structural issues, such as a lack of clarity on the process from the businesses providing the data.

Daniel Blumen_ 400x225.jpg
Daniel Blumen, Treasury Alliance Group

Looking at inaccuracy is critical because it is the only way to assess the quality of the forecast. However, different companies will look at different key performance indicators (KPIs) and time horizons, and some will use their forecast to assess their financing needs, while others will use it to assess their FX risks or manage their liquidity.

Identifying which input is the main driver of accuracy is the vital step when developing a new model and it is also the most difficult aspect of the process, explains Vincent Delort, senior treasury manager at JT Group.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree