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Cash Flow Forecasting allows user to centrally collate identified/planned/expected/future dated collection (inflow) and payment (outflow) information of the organization.
Cashflow forecasting involves estimating the timing and amount of cash inflows and outflows over a specific period of time. Cashflow forecasting helps a corporate to envisage the flow of funds, based on the information in hand, and within the organization.
The information on inflow (collection) and outflow (payment) is available with different people or departments within a corporate. This information when made centrally available helps to:
1. Predict the inflow and outflow of funds and assist in tracking the same.
2. Helps corporate to plan for optimum readiness for future cash requirements.
3. Predicts surplus and plan in advance for best utilization of idle funds and maximize profit.
Cashflow Forecasting allows a client user to group the forecast based on account type (for example Loans, saving, and checking) or Currency (If the client holds an account in multiple currency).
Fusion Cash Management (FCM) also allows the user to export data into a local copy for further analysis or upload into ERP systems.
Definition of Forecast package allows the user to customize nature and contents of forecast. This helps in tracking the forecast for each of the sources of inflows and outflows respectively. Corporates can edit the forecast details, for type, settlement, and changes in expected certainty over period of time.
Client users can manually add a forecast transaction or upload transactions. FCM calculates the forecast based on the formula and displays it.
FCM allows the user to define different types of forecast viz. Banked, Contracted, Expected, Invoiced, Mandated, and Planned. Along with this, user can maintain probability of its certainty of receipt such as 50% or 100%.
With every forecast package user can associate additional information that can be specified, this helps in analyzing or understanding the source of information along with MIS. Detailed information can be specific to forecast package. For example, Nature of expenditure or purchase order reference details or payer information.
This section provides information about:
Creating a forecast transaction
Where to go from here
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Cat ID: FCM4.6-00-U02-1.5.3-201903 |
