Daily Consolidated Cash Flow
Four key requirements for corporate responsiveness and relevance in an uncertain time.
Challenges with cash flow visibility
A daily consolidated cash flow report is a crucial input for corporations looking to make contextually-relevant decisions in an increasingly uncertain world. The challenge, however, lies in the traditional approach to managing this process.
While the world’s largest enterprises benefit from bespoke consolidation solutions run by specialized teams, the vast majority of corporations take a more hands-on approach that blends manual processes with point technology solutions. The resulting data is error-prone and unreliable and takes far too long to produce on a daily, or even weekly, schedule. Under more predictable conditions, corporate leaders focus on period-based profit and loss, without much concern for the timing of payables, conversion of receivables, or other standard
operations. Now, incoming and outgoing cash flows have been put under a microscope, and executives are looking for daily updates on performance and outlook in order to make decisions. In order to succeed in this new normal, corporations need: