Best Practices for Cash Forecasting

• Date: November 30, 2009
• Source: www.jpmorgan.com

Wall Street off late has been using ending cash balance as a measure of management effectiveness. This can be achieved by efficient and accurate cash flow forecasting. Managing debt and investment in a balanced manner shall reflect on the efficiency of the treasry department. The global economic dowturn has left complanies cash strapped and this might be the right time for them to review their current approach to forecasting. Insight into the best practices for forecasting, will help gear companies to overcome this challenge.