Efficient business planning and budgeting are the backbones of a company’s financials. COVID-19 impact has left many companies struggling to manage their day to day operating expenses.
The focus has dramatically shifted to a daily level view of cash flow and how do we get visibility to future liquidity requirements. Revisiting the planned number and forecasts considering COVID-19 risk can help companies sail through the current situation. Many companies are now looking for a quick turnaround to develop a forecast for multiple scenarios and some key metrics for the pandemic response.
Cash flow optimization through informed decisions around account receivables account payables, and inventory is a very useful tool to fight the current risk. Also, companies are revisiting their hedging strategies and closely monitoring their currency exposures.
In a nutshell, financial analytics with a targeted approach can help companies manage their cash flow better and plan for the current uncertainties.
To help companies stay in control and informed about their businesses, Fractal brings together a complete suite of financial analytics that is delivered through technology, domain expertise, and AIML techniques.