From Business Partners to Strategic Advisors: Growing Treasury’s Mandate in the CFC’s Office (A) (F)

The ultimate goal of a CFO is to encourage the financial growth of the business, and the starting point is to set up an accurate Cash Forecasting model. However, CFOs often do not rely on forecasts to make confident business decisions, as treasurers still rely on spreadsheets to forecast cash, which may deliver inaccurate and unreliable results. This is the case for many enterprises, as CFOs are still conflicted about implementing automation. Regardless of the challenges, more forward-thinking CFOs are embracing technologies like AI-based cash forecasting, machine learning (ML), and robotic process automation (RPA) to help enhance business value and efficiency. Learn how elevating the Treasury function to the position of strategic partner can help CFOs ensure they make the most of a critical team.