FIS Leverages Working Capital Insights and Smart Artificial Intelligence to More Accurately Forecast Cash

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  • FIS® has launched a new cash forecasting and working capital data analytics solution, FIS Cash Forecasting with Cashforce
  • FIS Cash Forecasting with Cashforce complements and integrates with FIS treasury management solutions

FIS is enabling mid-market and enterprise companies to manage their cash more effectively, overcoming the existence of fragmented data, disparate workflows, limited transparency into root-cause analysis and the inefficiency of manual reporting. With the launch of FIS Cash Forecasting with Cashforce, organisations will gain the ability to forecast their cash position more accurately for the near term and into the future.

“We are delighted to be a partner of FIS, further fuelling the adoption of the best-of-breed strategy in the Corporate Treasury market. The solution leverages deep insights into working capital drivers and all the power of artificial intelligence to turn educated guesswork into specific, reliable predictions,” said Nicolas Christiaen, CEO of Cashforce. “With out-of-the-box ERP connectivity and the ability to feed forecast data into FIS Treasury and Risk Manager – Quantum Edition and FIS Treasury and Risk Manager – Integrity Edition, management teams are empowered to generate more timely reporting and organise their workflow to streamline the cash forecasting process and sharpen decision-making.”

According to PwC’s 2021 Global Treasury Survey, cash and liquidity management – together with funding and capital structure – are the top two priority topics for treasurers and CFOs. In fact, nearly one third (32%) of respondents to the 2021 FIS Readiness Report indicate that they are investing in digital technology to improve cash visibility.

FIS Cash Forecasting with Cashforce is responding to that need, helping corporations overcome the problem of fragmented data by consolidating information from ERPs, AR/AP, procurement, sales, treasury management and other systems while leveraging pre-built connectors that ensure a seamless flow of high-volume, granular data. Smart forecasting logic creates highly accurate forecasts to evaluate different scenarios, analyse impact and calculate forecast/actuals variance. Collaboration across the organisation is simple with easy-to-define workflows that result in an enterprise-wide forecast that can be consumed by treasury.

“We wanted to find a partner that could complement our treasury management solutions with an AI-driven cash forecasting solution to help solve our clients’ forecasting challenges. I am happy to say Cashforce is that partner,” said Steve Evans, senior vice president, Product Management, Corporate Liquidity and Insurance at FIS. “And because the solution is SaaS-based, it is easy to implement and maintain – enabling treasury departments to focus on running their treasury operation.”