The tax system, whether it be corporate or personal, is often a complex system that is based on rules-based accounting, which often has little to do with the actual health and well-being of the taxable entity.
When I am asked to explain why Cash is so important, I use the analogy of building your dream home. In order to build that dream home and give it the best chance of standing there for years, it needs solid foundations. Likewise, an organisation needs cash to survive and grow, it needs cash to survive day to day, and without it, an organisation has no foundations and eventually collapses.
The event was proudly sponsored by:
The cloud holds some exciting prospects for the development of cash flow planning. It will bring access to Machine Learning and Predictive Analytics on a scale previously only accessible to data scientists.
This article provides an overview of the topics and cases presented and discussed by the experts at the webinar “Cash Flow Planning - Why the Traditional Profit-Driven Mindset Needs to Be Rethought”, as well as the results of our polling questions.
Nowadays cash flow is a trending topic and especially in FP&A where we are generally focused on P&L forecast and management. When we talk about cash flow there are three main pillars: liquidity, valuation, and performance.