Cash Flow Forecasting Made Easy

Cash flow forecasting is a financial management practice that involves estimating and projecting the inflow and outflow of cash in a business over a specific period. It is particularly important for CFOs and finance executives as it helps them anticipate future cash needs, identify potential cash flow gaps, and make informed decisions to ensure the financial stability and success of the business. By analyzing patterns and trends in cash flow, CFOs can effectively manage liquidity, optimize working capital, and plan for growth and investment opportunities. Centime specifically uses a 13 week forecast on our platform to help finance teams plan their short term cash management strategies.

It depends. There are three popular cash flow forecasting methods: direct, indirect, and discounted. The direct method typically works best for short-term forecasting while the indirect cash flow forecasting model usually works best for longer-term forecasting to fund extended growth strategies and capital projects. Lastly, the discounted cash flow (DCF) model is great for determining whether it makes sense to invest in real estate, purchase stocks, or take on a new project. Each of these three models has its own benefits and limitations, so make sure to select your cash flow forecasting model based on your unique forecasting goals.

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Centime’s cash flow forecasting tool utilizes machine learning and historical data to automatically create rolling 13-week forecasts for immediate insights into cash flow.

Automating cash flow forecasting offers numerous benefits for businesses. It enables teams  to better identify and plan for cash shortages, efficiently manage working capital, predict receivables and payables, mitigate risks through hedging, make informed investment and funding decisions, improve financial visibility and reporting accuracy, and better monitor cash key performance indicators (KPIs). These advantages help businesses anticipate cash shortfalls, plan for expenses and investments, stay prepared for future events, and foster a strong cash culture within the organization.

Centime works exclusively with NetSuite, QuickBooks Online, and Sage Intacct. Our targeted focus means we deliver one of the deepest ERP integrations on the market for these accounting systems. There’s little IT lift needed to connect Centime with NetSuite or QuickBooks so businesses can start forecasting their cash almost immediately.

Centime’s streamlined cash flow forecasting software enables businesses to track gross burn, net burn, cash runway, and more. Easily view performance by period and monitor payment patterns by customer.