Now is the Time to Review Your Cash Forecasting Process
In the current business environment with interest rates on the rise, it is a good time to ensure that your cash forecasting process is optimized. Businesses that have previously relied on cheap, readily-available loans as their backup plan for any cash emergencies may now find that such loans are no longer cheap nor readily available. By focusing on and improving your cash flow forecasts, you can better anticipate any issues that might arise and take steps to mitigate or prevent those issues before they become a problem, and protect your business from one of the main causes of enterprise failure: running out of cash.