Insight & Analysis

Press release: Taulia launches next generation cash forecasting tool at EuroFinance 2019

Published: Oct 2019

16th October 2019 – Leading working capital solutions provider Taulia has announced the launch of a new AI-powered cash forecasting solution which gives Treasurers greater accuracy in their forecasts, as well as reducing the effort involved in this challenging activity.

Newspaper press release

Treasurers consistently cite cash forecasting as their number one priority. However, forecasting is a time-consuming and resource-intensive process and all too often the results fail to accurately forecast cash shortfalls or surpluses.

By drawing upon document level data combined with counterparty risk and network behavior data, Taulia Cash Forecasting takes a data-driven approach, which when coupled with Taulia’s machine learning engine, results in an accurate and reliable view of future cash flows. With near real-time visibility into their future flows, Treasurers can improve their yield on cash, more effectively manage foreign exchange risk and anticipate future financing needs.

“Taulia Cash Forecasting is an exciting step towards Taulia’s vision to creating The Working Capital Platform of the future,” said Brady Cale, Taulia’s Chief Technology Officer. “Integrating AI with document level data greatly improves the speed and accuracy of cash forecasting, meaning that treasurers can make faster, better-informed decisions about their cash.”

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