Hot on Cash forecasting

Every company should have access to an easy-to-use and fast-to-deploy cash forecasting solution. This Hot on Cash Forecasting blog will give you actionable insights and tips how to get your cash forecasting in shape fast and cost effectively.

I love efficiency and focusing on the essentials and hate hard-to-use software that I was forced to use in my work on a daily basis. As a protest against this, I started Exidio Ltd. in 2000 to create Trezone, the cash forecasting solution that was built from the ground up to be easy to use and fast to deploy.

Back then, this was a revolutionary idea in cash forecasting. And, rather surprisingly, it still is.

If you try to acquire a cloud-based solution the same way you bought software licenses or you required customized services, you can guarantee you end up paying too much for the solution. In this blog entry I will list three typical mistakes that lead you into paying too much for your software.
Buying software can be like starting a relationship. You may have been disappointed in the past and want to make sure it works this time. Therefore, you want to get to know each other and split up without any drama should it not work. Buying software using the traditional licensing model, however, is a long-term commitment which you may not be ready for quite yet. A cloud-based solution is much more flexible but you should still cover your bases and make sure of a few things.
Reliable cash forecasting requires continuous development of the forecasting process. One key ingredient is tracking the actual accuracy of the forecasts. Tracking lets you identify potential problem areas and focus on improving them. These problem areas can include the poor quality of forecasts from certain subsidiaries or the constant late payments from given groups of customers.
October 01th, 2015

How to get rid of idle cash

Idle cash is lazy money that lies on accounts you cannot use in a centralize manner. In practice, this cash is usually on the local accounts of the subsidiaries, outside of normal corporate accounts. Especially large companies may have huge sums of idle cash and minimizing it give a great opportunity to optimize your operating assets. The good news is that optimizing idle cash is relatively easy. In this entry, I will give a few hints to effectively decrease the amount of idle cash.
Various myths have formed around cash forecasting over the years that can delay or degrade its development. What is common to these myths is that they can be expensive to your company even they are easy to bust. In this entry, I will describe five such myths.
Timo Hämäläinen.png
Timo Hämäläinen
My name is Timo Hämäläinen and I am the CEO of Exidio Ltd. I have worked with the challenges of cash forecasting for the past 25+ years.