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Navigating Three Forecasting Challenges: Visibility, Accuracy, Frequency

Key Takeaways:

1. Understand the forecasting accuracy vs frequency benchmark for your business to meet its cash surplus or cash deficit obligations
2. Identify leading indicators of liquidity crisis by closely monitoring cash flow categories
3. Determine correct re-forecasting cadence to account for seasonality on top of the baseline forecast
4. Identify stress test scenarios over available capital to plan ahead for potential cash crunch due to unpredictable A/R and A/P


Accurate and timely cash flow forecasts are the top priority for all treasuries during uncertainty.

Due to disrupted supply chains, many sectors are seeing cash reserves either disappear completely or drop to dangerous levels. Cash forecasting enables you to map out your financial position over the coming months and take the appropriate action to safeguard your cash position.

Join Tracey Knight, expert treasury practitioner with 25+ years of experience as she explains the importance of accurate cash forecasting and how it can give you continuous visibility to overcome the crisis.
Recorded Sep 10 2020 33 mins
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Presented by
Tracey Ferguson Knight Director – Solution Engineering Treasury
Presentation preview: Navigating Three Forecasting Challenges: Visibility, Accuracy, Frequency

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    During this session, we will discuss:
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  • Being Digital: American Greetings Game Plan For Managing Payments In The Age Of Nov 12 2020 5:00 pm UTC 60 mins
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    Join this webinar with Lauren Kennedy, Senior Manager, Retailer Financial Services at American Greetings, as she talks about the rise of B2B eCommerce and its anticipated impact on their payment processes. In this session, she will deep-dive and give you actionable insights on finding the right partner to automate your billing and payments ecosystem, driving solution adoption within your end-users, and potentially leveraging said technology to deliver value while working on an eCommerce platform.

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    1) ‘Go Where Your Customers Are’ - The rise of B2B eCommerce and how suppliers should plan for it
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    1. Factors impacting economic growth and recovery in the aftermath of the COVID pandemic
    2. Differences between the current economic crisis and past ones: What is the good and bad news?
    3. Answers every CFO and finance leader should seek right now for prosperity and growth in 2021
    4. Trends of the US economy based on what we see today: Indicators to determine if there is a light at the end of this tunnel
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  • Cash Forecasting Redefined: Demystifying A/R and A/P by Leveraging Technology Nov 11 2020 7:00 pm UTC 30 mins
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  • Standing Up a New Treasury: How to Grow Treasury Out of Accounting Nov 10 2020 8:15 pm UTC 30 mins
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  • A/R In The New Normal: 4-Step Action Plan for Recovery, Future-Proofing & Techno Nov 10 2020 4:00 pm UTC 60 mins
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    Looking back: How HighRadius Fortune 1000 clients ensured tighter credit control, managed customer expectations and enabled remote working during COVID
    Working in the new normal: Strategies for recovery and future proofing your A/R operations on returning to the office
    Making the right business decisions: Gartner framework to assess the potential risks and analyze the long term benefits associated with digital transformation

    A/R leaders have been continuously strategizing and pivoting to operate seamlessly despite the global pandemic. Right from enabling remote workforce transition, to changing approval workflows and process KPIs while evaluating technology options to function with minimal disruption and increased productivity- there has been a lot going on in the world of order-to-cash. As businesses start reopening while COVID is very much out there- are you looking for an action plan to support your A/R and finance operations for the next 90 days- which probably also involves your team going back to office?

    Join Bill Weiss, Vice President of Business Development at HighRadius to get a four-step action plan for A/R leaders in the post-COVID era based on recommendations captured from several industry practitioners. Also, learn about the important evaluation parameters laid out by Gartner to understand if your automation initiatives would actually provide the desired value.
  • Fundamentals of Building of a World-Class Forecast Nov 9 2020 8:30 pm UTC 30 mins
    Tracey Ferguson Knight, HighRadius
    While there is no "silver bullet" available to solve every company's cash flow forecasting roadblocks, having the right processes in place is a good start. What and how you measure something will vary depending on your business, industry, and goals. Discover the best practices to align the purpose of cash forecasting with cash surplus or deficit business needs and optimizing processes in any business environment.
  • Solution Showcase - Cash Forecasting Cloud Nov 9 2020 8:00 pm UTC 15 mins
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    TBD
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    Cyra Garg, Manger Solution Engineering, HighRadius
    Process complexity and system intricacy are key challenges for companies as they manage their order-to-cash (O2C) cycles. This session will show how you can utilise automation, RPA and AI-enabled technology to replace “puzzle solutions” that add complexity to your IT infrastructure and only solve part of the problem. Get to know how businesses that used integrated, end-to-end platform to overcome challenges, drive added value and efficiency in every phase of the O2C cycle, and successfully establish a full digital transformation of finance and A/R processes.
  • Driving 2X Collections Productivity While Leveraging Third-Party Agencies and In Nov 4 2020 5:00 pm UTC 60 mins
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    Altus Webinar Block
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    Since the advancement of technology in order-to-cash, one of the biggest challenges for A/R leaders is to get their team to adopt automation, while answering the question: “How does it impact my job?” Contrary to the belief of some, the objective of AI is not to replace existing resources, but rather enable them to perform more strategic tasks on a daily basis. In fact, history shows that often the result of the infusion of technology is an increase in productivity as well as overall positions.

    In this webinar, our expert will demystify some common myths around AI in finance, while deep-diving into the true power of humans + machines, and the skills needed for A/R teams to deliver value to their organization in the current times. Furthermore, they will also cover how credit managers can help their team evolve into a more strategic position by upskilling themselves as per the requirement of the digital age.

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    1. Artificial Intelligence is not taking away jobs, it is changing them
    2. Top skills every credit manager needs in their future workforce
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  • Securing The Financial Health of Your Business- Balancing Risks & Profitability Recorded: Oct 22 2020 34 mins
    Bill Weiss, VP of Business Development
    About 80% of manufacturers expect that the pandemic will have a negative financial impact on their business, according to a survey of the National Association of Manufacturers (NAM). The collapse in demand is producing a significant cash slump throughout industries. While attempting to counter this intense pressure on working capital, finance leaders might resort to aggressive strategies to deal with their customers. Although this might feed the short-term cash forecasting goal, it will harm the company’s financial health in the long run.

    Join us for this session where our speaker would facilitate the discussion around how finance, A/R, treasury, and credit leaders can work together to balance growth, profitability, and risk. During this session, we will discuss:

    1. Global financial trends: Negative interest rates, demand-supply shock and the anticipated change in operations
    2. Customer portfolio assessment and credit policy revision to balance credit risk and revenue growth
    3. Safeguarding financials in the long run with a framework focused on proactive collections and customer satisfaction delivery
  • 4 Trends That Are Shaping The Future of B2B Payments Recorded: Oct 21 2020 64 mins
    Rob Unger, AAP, Senior Director at NACHA & Elaine Nowak, Product Management and Marketing Director at HighRadius
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    1. Rise of digital payments: Accelerated shift from checks to ACH, online payment portals and other contactless real-time payment options
    2. Going beyond portals: Unportal-ing electronic payment and invoice presentment
    3. Enablement of cross-country payments for a seamless payment experience across multiple geographies, currencies, and languages
    4. Sneak-peek into the HighRadius RadiusOne Network: One platform for buyers-sellers networking and digital collaboration across the globe


    Since the onset of the COVID crisis, payment trends have been widely fluctuating. A recent study by Nacha has shown that after a payment slack in the initial part of the year, same-day ACH has increased by 33% from Q1 to Q2, and is expected to increase even further. With the prolonged remote work situation, many B2C payment trends have carried over to B2B with ‘ease of use’ becoming the new goal. Businesses are inclined more than ever towards cashless and digital payments to manage their invoice-to-cash process more efficiently, resulting in quicker invoice payments, and allowing suppliers & merchants to receive their money faster. The current needs involve a platform with multiple payment formats and cross-border payment options and facilities, and having a simple localized portal does not cut it.

    In this session, we would talk about some highly disruptive payment trends of 2020 and how those trends would shape the payment landscape for 2021. We would also talk about some payment technologies and automation solution features that would help you to ride the wave of payment disruption in the coming months.






    This webinar is hosted in concert with Nacha. Information provided in this registration will also be shared with Nacha. Please refer to their Privacy Policy.

    https://www.nacha.org/content/privacy-policy
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  • Title: Navigating Three Forecasting Challenges: Visibility, Accuracy, Frequency
  • Live at: Sep 10 2020 3:30 pm
  • Presented by: Tracey Ferguson Knight Director – Solution Engineering Treasury
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