Cash Flow Forecasting Seen Lacking

By Mark Brousseau

Thirty-three percent of those responding to this year’s 2008 Strategic Treasury Survey, conducted by Treasury & Risk and sponsored by SunTrust, believe that better technology and/or more outsourcing is needed in the area of cash flow forecasting – which led all other response categories by more than 17 percent. Some 303 treasurers, assistant treasurers and vice presidents of finance responded to the e-mail survey.

The next treasury area in which respondents thought better technology and/or more outsourcing was needed was budgeting and planning/cash management (15 percent), followed by accounts payable (13 percent), financial risk management (11 percent) and working capital management (10 percent).

What do you think? E-mail me at m_brousseau@msn.com.