Pushing the boundaries of treasury technology, Cashforce is launching a brand-new cash flow forecasting platform, set to be released by end of Q1 2021. Nicolas Christiaen, the company’s CEO and Co-Founder, explains how this next generation solution will enable real-time data processing, interconnectivity with best-of-breed treasury technology providers, and lower the barriers to entry for corporates wanting to leverage forecasting software.
Eleanor Hill, Editor, TMI (EH): Why is now the right time to be launching a new platform? What’s driving this change?
Nicolas Christiaen (NC): First, let’s take a little step back. As a company, we have been active in the cash flow forecasting space for five years now. When we started out, we noticed a blind spot in the treasury technology industry – and wanted to create a targeted solution to help treasurers address that specific need.
We began this journey from a working capital analysis point of view and built our cash forecasting capabilities on top by linking to corporate enterprise resource planning systems [ERPs]. In fact, one of our main differentiators has always been our ready-built ERP connectors which ensure a seamless flow of granular data into the platform in order to build a more accurate forecast.