HSBC’S Cash Flow Forecasting Tool enables your business to forecast cash flows more accurately, both when the market is stable and when the market faces unexpected situations.
Cash preparation needs, working capital, and liquidity in the future can be done more easily. Here are some of the benefits of using HSBC’s Cash Flow Forecasting Tool that your company can enjoy.
HSBC’s Cash Flow Forecasting feature will help you benefit from receivable and payables practices. Where it helps process efficiencies as well as lower cost. More than that, the company’s balance sheet can also stronger.
More accurate decision making process
HSBC’s Cash Flows Forecasting feature allows you to have more accurate liquidity forecasts. Thus, you can more easily make the right decision based on accurate data.
As a HSBC’s Cash Flow Forecasting Tool user, you can access a suite of informative reports where information can be consolidated, compared for accuracy, and interrogated at the bank account. Also, intercompany level and save into user-defined format.
You can also review the largest forecast movement by business line alongside the largest instances of variance.
Anticipate various scenarios
This comprehensive tool enables you to test various scenarios to understand the impact on future cash flows.
Not only that, but you can also be helped to conduct variance analysis, and actual versus forecast, at multiple forecast levels.
Users of HSBC’s Cash Flow Forecasting tool gains visibility of the biggest forecasting movement for the business sector. Apart from that, you can also use the tools also to predict an area of operations and expand to business units or other currencies.
Based on information captured from cash pool structures, bank accounts, and transaction-level data, you can have more accurate cash flow forecasts that can help in making more informed business decisions. Your business can also anticipate future cash needs, working capital, and liquidity, facilitating effective budgeting, and supporting efficient reporting to both internal and external stakeholders.
Sign up for a business bank account with HSBC to access our liquidity management solutions today.