predict your future with simplified cash forecasting...
TRANSCRIPT
Prepared by:
Session ID:
Predict Your Future with Simplified Cash Forecasting
Logan WackerManaging Consultant - TreasuryElire@ElireInc
100440
Agenda
ü Introductions
ü Allegis Current State of Cash Forecasting
ü Cash Forecasting Data Sources
ü Implementing Automated Cash Forecasting Tools
ü Scenario Analysis
ü Implementation & Configuration
ü Other ERP Advantages
ü Q&A
Introduction
Logan WackerManaging ConsultantElire Inc.Treasury Management
Allegis: Who We Are
About Elire
ü We help our clients succeed by partnering with them to efficiently implement, integrate, and upgrade their software investments
ü Elire is the industry leader in ERP Treasury workstation installations
ü Elire consultants experience based on more than 20 years of PeopleSoft, Finance, and Treasury experience
ü Elire has been published as a thought leader in the Treasury and Financial Planning & Analysis space
• Oracle’s Profit Magazine• Association of Financial Professional (AFP)’s Exchange
Magazine• Business Finance Magazine
150+Clients
30+Fortune500Clients
30+FinancialServicesClients
Current State
Current State
Endlesshoursofdataentry
20+BankingPartners
250+BankAccounts
15+CashForecasts(Excel) Centralized
TreasuryTeam(Maryland)
A Typical Morning/Evening
(translation:Giveup)
Current/Prior Day Bank Statements
Cash Forecasting - Excel
Forecasted Inflows/Outflows by Category
Projected vs. Actual
Daily Projected Balances
Current State Challenges
Cash Forecasting Data Sources
Single Dataset
Deep insight into your future Cash FlowsPull in all of your financial information (ERP & Non-ERP) into one place and identify
any future cash issue
How Do You Receive Bank Statements?
Review Bank Statement Reporting
Monitor Daily Account Balances
Review Bank Statement Reporting
View all Transactional Activity by Bank Account and Date
Deriving Forecast Numbers
Data Import
Bridge the Gap
Bridge the Gap Between Treasury and BusinessPull in data from Payables, Receivables, Debt Instruments to optimize cash and
working capital
Simplified, AutomatedForecasting
Cash Forecasting Results
Cash Forecasting Results
Trend Analysis
Drill Down to Spot Root Causes
Drill down functionality takes the user to the transactions source data
Drill Down to Spot Root Causes Cont.
Scenario Analysis
Make the Right Decision to Increase Cash Flow
Simulate different what-if scenarios & make the
best fact-based decision for each Business Unit, Account, and Currency
Weightings
ü Weighting Examples:– Amounts
• 10% Increase• 10% Decrease• 10% Week• Next Day• Next Month• Next Week
– Date– Payment Method– Replacement Rules– Worksheet Offset
Steps to Using Weightings
Step 1: Identify desired Worksheet, Source Set, and Value Date
Steps to Using Weightings
Step 2: Identify desired Worksheet Line Item
Steps to Using Weightings
Step 3: Apply Scenario & Evaluate Results
Weighting Examples
Amount: Derive per unit dividend amount on stock
Date: Carry Forward calculated results by specific day count
Carry Forward Total
Carry Forward previous days ending balance to next days beginning balance to reevaluate future cash flows
Enter Manual Cash Position
Implementation & Configuration
Implementation Lifecycle
Cash Forecasting Challenges
Related ERP Advantages
Fee Analysis/Account AnalysisVariance Dashboards
Compare Fee Analysis Statement volumes against Bank Statements to identify a variance in agreed upon pricing vs. what was charged at month end
Fee Analysis/Account AnalysisMonth End Statement Views
Review month end statements in a digestible format
Fee Analysis/Account AnalysisEvaluate Month End Actuals
Key Takeaways
• Automation is Critical – identify proper data sets• Streamline Cash Forecasting structure• Eliminate manual processing• Increase efficiencies• Improved liquidity management through real time
cash position reporting• Global multi currency support
Check out Elire’s Other Sessions!Session #100430 – Pain in your Bank Recon? Pum 18 has your Automated SolutionsWednesday, July 19 | 8:00 – 9:00 AM | DaVinci AB | Presenter: Logan Wacker (Elire)
Session #102210 – Testing, Testing, 123! Leveraging PTF with your Continuous Delivery ModelWednesday, July 19 | 9:15 – 10:45 AM | International Ballroom B | Presenter: Valentin Todorow (Elire)
Session #101390 – PeopleSoft Treasury SIG MeetingWednesday, July 19 |11:15 AM – 12:15 PM | DaVinci AB | Presenters: Paul Barnett (Ameritas), Janet Division (Wells Fargo, N.A. Finance) and John Scott (Elire)
Session #101370 – Masterminding PeopleSoft Bank ReconciliationsWednesday, July 19 | 1:30 – 2:30 PM | International Ballroom D | Presenters: Heidi Emory (Security Finance) and Carlos Conde (Elire)
Session #102200 – Obtain value from New Features in PeopleSoft 9.2 Cash Management – A St. Elizabeth Success StoryWednesday, July 19 | 4:30 – 5:30 PM | Heathrow AB | Presenter: Tenzin Tsering (Elire)
Thank You!
Logan WackerManaging ConsultantElire [email protected]
Stop by the Elire booth or reach out to our expert below for more information! Follow Elire on Social Media!
Elire Booth #405
Session ID:Please complete the session evaluation
100440
