How do I achieve optimal cash visibility?
Our flexible, scalable technology enables enhanced cash visibility by bringing together all data sources (whether SAP or not) into a centralized point of information within your record system, either directly or through interfaces.
Depending on your time horizon, all these sources will translate into cash at a later stage. For short and mid-term forecasts the best sources are operational receivables and payables. This is where a company can identify what has been sold and invoiced, as well as how much the company purchased and how many invoices have been received. Your accounting also provides valuable insights into information such as customer payment behavior. If a customer is due to pay an amount within 30 days these details only how much cash you should receive. It doesn’t provide detail on late payments which can affect forecasting accuracy.
With a broader, more comprehensive and up-to-date set of data, and by connecting forecasting activities with accounting, deeper insights are possible that actively improve each day’s sales outstanding (DSO) and payables outstanding (DPO) KPIs and optimize your working capital management. Most importantly, by being equipped with the right tools, sustainable financial solvency and profitability can be ensured at all times.