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Please note: this article is over 11 years old. If you feel this article is inaccurate or contains errors get in touch here . Many thanks, TMI

可见性,可见性, 还是可见性 (Visibility, Visibility, Visibility)

Jukka Ryhänen - 凯米拉公司副总裁暨集团财务主管

现金流预测是重要的预警系统,可凸显财务困境的早期迹象。

近年来,每家公司都认识到,及时、准确和一致的现金流预测对流动性风险管理至关重要。规划和预算是必要的制度,而现金流预测是重要的预警系统,可凸显财务困境的早期迹象,使公司得以应对潜在流动性挑战,并在对业务构成威胁之前采取行动。本文中,芬兰的凯米拉化学品公司集团财务主管Jukka Ryhänen介绍了该公司优化现金流预测的经验。

Published 
Please note: this article is over 11 years old. If you feel this article is inaccurate or contains errors get in touch here . Many thanks, TMI

Visibility, Visibility, Visibility

Every corporate in recent years has recognised that producing timely, accurate and consistent cash flow forecasts is essential for liquidity risk management. While planning  and budgeting are essential disciplines, cash flow forecasting is a vital early warning system to highlight early signs of financial distress and enables the company to respond to potential liquidity challenges and act on opportunities before they become critical to the business. In this article, Jukka Ryhänen, Group Treasurer of Finnish chemicals company Kemira, discusses his experience of optimising cash flow forecasting at his company.

Group treasury at Kemira fulfils a variety of functions within the company, particularly securing funding and liquidity while minimising risks and costs, and providing value-added services to business units, of which there are nearly 150. Cash flow forecasting is one element of this role, but one of the most difficult. Until 2000, like many multinationals, we were struggling to produce accurate forecasting in a consistent way, with multiple channels for collecting data, unpredictable timing and missing information. Forecast reports needed to be produced manually, which was time-consuming and prone to error. Our bank account structure was confused and although we had a cash pool in place to centralise cash as far as possible, we still had €50m in accounts outside the cash pool, which meant that our borrowing levels were higher than necessary, and our use of cash was not optimal.