Track: Cash and Liquidity Management

Effective Cash Flow Forecasting: The Perfect Marriage of People, Process, and Technology

Tuesday, October 21, 2008
10:30 a.m. - 12:00 p.m.
Room: 411

Liquidity is one of the primary sources of financial risk to be managed within the treasury function, yet few treasury departments develop, maintain and complete accurate and comprehensive cash forecasts. We will discuss the current state of cash forecasting across three different industries and describe the specific issues each faces in managing people, processes and technology to produce an effective cash flow forecast that positively impacts the bottom line.

Speakers:

• Timothy T. Hesler, CTP
  Director, Treasury and Risk Advisory Services
  PricewaterhouseCoopers LLP

• Duane G. Grant, CTP
  Director, Cash Management
  Sempra Energy

• Philip L. Mattes, CTP
  Assistant Treasurer
  Career Builder, LLC

• Scott Grossman, CTP
  Director of US Banking and International Funding
  Covidien

Objectives

• Describe the benefits of effective cash forecasting and understand the necessary steps required to build comprehensive cash forecasts
• Reduce liquidity risk and strengthen cash predictability
• Illustrate the application of cash forecasting techniques
• Improve cash receipt and disbursement cash forecasting and efficiency

Pre-Requisites

• Understanding cash flows into and out of your organization
• Understanding of cash management related receipts and disbursements

Take-Aways

• Cash flow forecast development methodology

CPA Field of Study: FIN