Cash Flow Forecast Made Easy with SAP Business One

  • 15 October 2019
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Companies operating in today’s diverse business environment face a slew of challenges in managing cash flow, getting detailed insights into current bank accounts, cash position, expected cash needs, cash operations and more. 

To manage day-to-day transactions, cash balances, funds transfers, and diverse liquidity needs of a business, there needs to be a software in place that can manage it all with precision and great control. 

Let us find out how SAP Business One can meet all your cash requirements for core business operations. 

Monitor the monetary status of the company 

The cash flow report in SAP Business One facilitates business users to forecast the monetary status of an organization. Secondly, the customer receivables aging report gives you quick insight into late payments so that you can identify outstanding orders and invoices that will produce a cash flow sometime in the future. With this, you can easily project the historical trend for better decision making. 

Mitigate financial risks 

SAP Business One facilitates business owners to review short-term cash forecast and effortlessly manage daily operations tasks such as memo records, cash concentration, cash position and let you manage your cash better to mitigate financial risks.

Prevent bank balance overdrafts

Real-time cash positioning is imperative to prevent bank balance overdrafts. With SAP Business One software, it is easier to analyze your daily cash position and project your daily cash needs. Once you have ascertained an accurate cash position, you can reduce all the possibilities of bank balance overdrafts. 

Manage bank errors and fraud

Timely bank reconciliation plays an important role as it protects you from any possible fraud. SAP Business One cash management helps to reconcile the difference between the bank statements you receive from your banks, and the corresponding amount reflecting in your accounting records. This functionality resolves the scope of conflicts, manage human errors, maintain accurate balances and monitor fraud. 

Analyze daily cash inflows and outflows

Gain an overview of the daily cash inflows and outflows, and analyze details faster happened over days, weeks, months, quarters or years for all subsidiary companies. You can then identify the unusual cash flows. The data present in the software gives a high-level view to business users into the existing cash flow status.  

It is rightly said that “cash is the king” and managing it well is an art. However, for most companies, the kingdom of cash has taken an intriguing turn owing to the diverse, dynamic, and often fragmented processes in managing liquidity management. Fortunately, there is now a better path forward with SAP Business One with all of these enterprise-wide cash activities. 

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    Nidhi Batra

    About the author

    Nidhi Batra is a marketing and brand communication professional with 10 years of experience working in the dynamic B2B marketing environment. She strategizes, writes, reviews a variety of content for demand generation and sales support activities. Having a Master’s in English from Delhi University, she knows how to navigate her readers on insightful journeys with her SAP published blogs and thought leadership content.