Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
TREASURY

Proactive cash forecasting puts treasury in the driving seat

Euromoney speaks to Benjamin Seal, vice-president of treasury at US-based Cenveo, about how accurate cash forecasting has helped to address the supply-chain challenges posed by the global pandemic.

dollars-envelope-free-960.jpg

Cenveo is a leading North American manufacturer of envelopes and custom labels that has been around for more than 100 years. Headquartered in Stamford, Connecticut, it employs more than 2,900 people across 20 facilities in the US and delivers products and services to some of the world’s most recognised brands.

Cash forecasting really became a priority when managing supply-chain risk during the pandemic, according to Benjamin Seal, vice-president of treasury at Cenveo.

“We received four or five price increases during 2021, which required us to quickly adapt our cash forecasting and liquidity models,” he explains.

If you are being reactive, you are behind the eight ball. If you are being proactive … treasury becomes a true strategic partner
Benjamin Seal, Cenveo
Benjamin-Seal-Cenveo-400.jpg

The company has continued to model different scenarios – such as future unexpected price increases – which allow it to better manage liquidity by optimising working capital to improve days sales outstanding, days payable outstanding and days inventory outstanding.

“If you are being reactive, you are behind the eight ball,” Seal tells Euromoney.