Rain or shine (TT Dec05 p43-45)

Centralisation, systems integration, standardisation and legislation have all played their part in enhancing the reliability of cashflow forecasting. Corporates have found a level of volatility has to be accepted. Internal structures are the cause of forecasting problems. While banks’ services and technology are alleviating problems, issues remain over the proliferation of standards. It is a good time to review forecasting arrangements.