November 2024 Major Update: Enhanced Cash Short Predictor
We are pleased to announce significant enhancements to the Cash Short Predictor, delivering improved cash flow simulation capabilities and enhanced visibility of your financial position.
Advanced Simulation Capabilities
Interactive Scenario Testing
Create and test multiple cash flow scenarios without affecting your accounting system data or budget forecasts. Add, modify, or temporarily hide transactions to evaluate different financial scenarios.
Overdue Transaction Management
Easily schedule and manage overdue transactions within simulations, with flexible options to test different collection scenarios.
Flexible Change Management
Choose between temporary simulations for quick testing and permanent changes for ongoing forecasts, giving you complete control over your projections.
Enhanced Budget Integration
Improved Visibility
While budget tracking has always been a core feature, we've significantly improved the transparency of budget versus actual performance. The new interface provides a clear breakdown showing original budgeted amounts, actual transactions posted against the budget, and remaining budget allocations.
Dynamic Tracking
Continuous updates of remaining budget allocations in forecasts, making it easier to understand your current position against budget and track variances in real-time.
New Action-Oriented Features
Proactive Risk Management
Receive automated suggestions for fund transfers between accounts, credit line adjustment recommendations, and prioritised collection guidance.
Worst Case Scenario Analysis
Get detailed evaluation of potential payment collection issues with suggested mitigation strategies to help prevent cash shortfalls.
Common Use Cases
The enhanced Cash Short Predictor is particularly valuable for:
Strategic Planning
- Test the impact of potential large purchases or investments on your cash position
- Evaluate different timing scenarios for major payments or collections
- Assess the effects of delayed customer payments on your cash flow
- Model various loan scenarios including repayment schedules and interest impacts
Financial Decision Making
- Quickly simulate the impact of new business opportunities
- Model different payment terms with suppliers or customers
- Evaluate the timing of hiring decisions or capital expenditures
Cash Flow Optimisation
- Test various collection strategies for overdue payments
- Plan optimal timing for supplier payments
- Simulate different scenarios for managing seasonal fluctuations
These simulations can be performed quickly and easily, without affecting your actual accounting data or budget forecasts in CaFE, allowing you to make more informed financial decisions.
Further Information
For detailed guidance on using these new features, please refer to our comprehensive user guide.
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