The immediate challenge
Accurate and timely cash flow forecasts are increasingly difficult to model:
- Future revenues which fluctuate drastically, with some drying up completely
- Payment holidays, extended terms, revised and additional payments
- Staffing options and related expenses
- Emergency Government policies including Coronavirus job retention scheme for furloughed employees, VAT deferral, SSP relief for SMEs and business rates holidays
- Analysis of invoices and payment data, siloed in multiple data platforms
