At this gut-check moment for corporate decision-makers, one tactic to boost their confidence is to demand better cash forecasts from their treasury departments. How ironic, then, that the same economic instability that’s producing the angst also works against effective forecasting. Knowing what sales will look like next month or whether the credit markets will thaw soon is, for the moment, uncomfortably elusive.
The irony doesn’t end there. Treasury departments haven’t been exempt from the depletion of human and monetary resources that has plagued almost every corporate function. One solution, the consulting firm Treasury Strategies suggests, is to put faith in the 80/20 rule.
Link to article:
Filed under: Business, Business Blogs, Economy Blogs, Investment, Uncategorized Tagged: | Business, cash flow forecasting, Credit, Entrepreneur, Executives, Finance, Goals, Growth, Innovation, Investment, Management, Managers, Money, Opportunity, Planning, Saving, Treasury strategy, Wall Street, Wealth, yreasury department