Having started the digitalization process with an emphasis on risk management, then looking at improving cash visibility, treasurers are setting their sights on mastering liquidity. But many have already realized that forecasting liquidity is time consuming and that forecasts don’t always adapt quickly to changing business conditions.
Scattered data and manual forecasts mean that the amount of time each contributor needs to spend is considerable – and there can be many contributors.
“While treasury is responsible for the forecast, each of the business units and departments who contribute also need to be held accountable for the accuracy of their forecasting – and in many cases this accountability doesn’t exist,” explains Michael Kolman, chief product officer at Ion Treasury.
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