Sponsored By Basware, Inc.
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This white paper asks the question: How can CFOs improve their cash management and forecasting?
Poor cash management and forecasting cost money and multiply risk. They depress shareholder confidence and cut market capitalization. Yet most enterprises do a poor job of them, by their own admission.
The three main causes of poor cash flow forecasting are paper, people and processing. Paper still swamps most businesses, which makes extracting data difficult. People too often work in separate silos with no overview. And most enterprises lack the automation that CFOs need to optimize their cash management and pull together precise and far-seeing forecasts.
In particular, invoice processing cries out for automation. Without gaining better visibility into AP requirements, cash forecasting will always be fuzzy. This paper provides benchmarks for two key AP metrics to help develop a baseline for measuring improvements, and lists the many benefits of automating AP.
And it includes three success stories from companies that gained major savings by automating their paper-based invoice processes. CFOs need to push back the veil of darkness over AP to uncover hidden treasure and light the way to far-seeing cash forecasting.
- Sponsored by: Basware, Inc.
- Released: August 15, 2013
- Length: 13 pages
- Format: PDF (612 kb)
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