Taking business line feeds via automated and manual input, the Cash Flow Forecasting tool is able to compile movements that might impact an organisation’s day to day cash position from present out to your chosen time horizon into the future. Indicators such as Bank Account balances and Accounts Receivable collections for a forecast period provide a barometer of future liquidity. The Dashboard provides an “at-a-glance” view of key performance indicators that a Treasurer may rely on to make decisions or to trigger more in-depth analysis of cash flow. For example, if you’re thinking of expanding or hiring new staff, factor into your forecast the likely costs of that investment, along with the expected increase in revenue, to see what it may mean for your bottom line.HSBC’s Cash Flow Forecasting service is a part of the Bank’s drive for digital innovation.Īccessed via HSBCnet, the Cash Flow Forecasting service can provide Treasurer with an accurate and timely forecast of their Global liquidity position, not just in the short-term basis, but as far forward as possible in future (up to 3 years). You can also use your cash flow forecast to assess the impact of many business decisions. For example, you could put it into an interest-earning savings account or term deposit, or use it to grow your business – for example by purchasing new equipment or investing in new ways to market your business. If you identify a surplus, consider how you can put that money to best use. Remember, most businesses experience some cash flow difficulties as they develop – it’s almost part of ‘growing up’ as a business. Check out our guide Improve your cash flow with these handy tips for more tips, and talk to an ANZ Business Specialist about solutions to help you address any shortfalls. This could include taking out or extending an overdraft, chasing up late payers, taking out a loan, or holding a sale to clear stock and generate revenue. If you identify a shortfall, don’t panic – forecasting means you can take action to address it before it becomes a problem. Review your forecast to see whether there are likely to be any upcoming cash shortfalls or surpluses.
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