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.

Some banks that have for some time offered a cash forecasting solution to their clients have been disappointment in the meagre demand. The most common cause for this is selling the solution wrong and to the wrong buyers. Banks should specifically target medium-sized and small businesses and take a page or two from the playbook...
A bank can reap significant benefits by offering a cash forecasting solution to customers. Many a bank, however, do not consider themselves a software developer and do not know enough about corporate cash forecasting to credibly offer such a solution. While this may be true, it does not mean the bank has to give up the benefit of solving their customers’ cash forecasting challenge. In this blog entry I will describe how that can be achieved.
In my last entry I outlined six key reasons why a bank should offer a cash forecasting solution to corporate customers. In this entry, I will describe what are the main options in offering such a solution and why you should give up any fantasies about internal development or traditional application license business.
A cash forecasting application done the right way is an excellent way for a bank to improve its cash management offering to corporate clients. Big banks in particular have noticed this already. In this blog entry I will list six reasons why every bank should offer a cash flow forecasting solution to its clients as a part of their cash management offering.
More and more banks offer a cash forecasting solution to their clients. Cash forecasting is a key development initiative for companies but often they lack the required expertise and resources to fix things. Could a cash forecasting system offered by a bank work?
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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.