Guest: Gary Quirke 
What do “cash forecasting” and “looking out for bears” have in common? Both these activities have existential consequences. The damage a bear can cause is obviously terrifying to think of, but if your company runs out of cash and you lose your job as a result it can be quite frightening too.
A company with a good model-driven cash forecasting process can anticipate cash problems far enough in advance to take mitigation steps, for example to delay payments, renegotiate terms or cut costs.
If its cash forecasting process is sufficiently detailed and supported by the right technology, a company will easily be able to consider a range of scenarios and prepare different plans ahead of time to be in the best possible position as reality plays out. Conversely, not having this capability is the equivalent of tripping over a bear cub with mama bear in sight.
In this week’s podcast episode we interview QueBIT CEO and UK Chartered Accountant, Gary Quirke, who gives us a quick lesson in cash forecasting, and the potential of analytics technology to take it to the next level.

Ver todos los episodios