This article was written by Tom Alford and published on TMI Website on may 10, 2022. https://treasury-management.com/articles/is-a-treasury-tech-self-build-feasible/ Our consultant Patrick Kunz contributed to the content of the article via an interview. Treasury is an increasingly technology-enhanced function, and some treasurers have taken their involvement to the next level, building their own solutions. […]
Cash forecasting involves trying to predict the future, which is impossible. AI-based cash forecasting tools can help simplify a treasurer’s job, but striving for 100% accuracy is a waste of time. Treasurers should focus on using the data they have to gain insight into their future cash position, rather than attempting to predict every single factor.