Cash is king — but the value of cash held by the company can only be realized if the treasurer knows what cash is available, where it is held and what flows are expected in the future.
However, all too often, treasurers do not have access to the company’s full cash picture. There are many good reasons for working with multiple banks across different markets, but complex banking structures and sprawling geographical footprints can make it difficult to achieve complete visibility into current balances, nevermind measuring the accuracy of cash forecasting.
Luckily, achieving full visibility over cash is not an insurmountable goal. This reference guide outlines the steps treasurers can take to gain full visibility over their cash, from gaining a clear view of current bank accounts to increasing the accuracy of the cash forecast.
