Cash management

Introduction

This application allows you to create and monitor cash flow forecasts, either manually or automatically.

Manual Forecasts: find this menu in configurations. It’s used to create manual forecasts.

Forecast Recap: this is a forecast summary.

Forecast Report: is a detailed forecast report with the option of filtering by user.

Configurations - Forecast assistant: find this menu in configurations. An assistant that allows you to create several forecasts automatically.

Enter budget or cash flow forecasts

Access: Cash management → Configuration → Manual Forecasts

1. Type - In/Out: select the type of cash flow, incoming or outgoing.

2. Amount: indicate the expected amount.

3. Dates: indicate the estimated and realization dates.

4. Reason: you must also indicate a reason for this forecast.

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Create reasons in ‘Forecast Recap line types’ menu. Access: Cash management → Configuration → Forecast Recap line types.

Then, a Forecast Recap line type can be selected as a reason on a forecast file.

Use a forecast assistant

Access : Cash management → Configuration → Forecast assistants

Forecast assistant: you can also use an assistant (access : Cash management → Configurations → Forecast assistant) to create several forecasts automatically. It is used to create recurring forecasts.

The assistant allows you to specify a period over which you wish to generate forecasts, and the frequency of these forecasts, for example a monthly forecast over a given period, for a given amount.

Once the fields have been filled in, click on the ‘Generate’ button to have the various forecasts generated automatically.

The ‘Company’ and ‘Bank’ fields are filled in by default according to the company of the active user, but they can still be modified manually in the case of multiple companies and multiple banks.

Create customised reports

Access : Cash management → Forecast recaps

You can generate reports to monitor various forecasts according to certain criteria.

First, select the bank on which you wish to produce a summary of your forecasts, the period you are interested in and indicate a starting balance.

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Take into account opportunities: the ‘Take into account opportunities’ field will allow you to indicate whether you want the various commercial opportunities to be taken into account in the cash flow forecasts, and if so, you must indicate whether the forecasts should be based on the basic amount of the opportunities, or on the expected amount in the best case or in the worst case.