Three quarters (75 per cent) of multi-national corporations admit to having little or no confidence in the accuracy of their own cash flow forecasts, according to research conducted by REL Consultancy Group in conjunction with GTNews. Two thirds of respondents believe problems with forecasting are due to a lack of systems integration across business units; over half blame poor internal communications. Poor sales projections and collections policies were also cited with almost half of treasurers responding saying that problems in pricing, billing and logistics lead to poor cash collections from customers. Commenting on the research Alexander Bielenberg, Director of REL said: ‘It is alarming that cashflow forecasting – the most reliable indicator of corporate health – still plays second fiddle to profit predictions. You can report losses year after year but you only run out of cash once!’ The survey of 250 multi-national corporations requested answers to a range of questions on forecasting and general collections processes and practices.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more