Product Update:  AI-powered Cash Flow Forecasting for faster, better financial decisions

After years of developing and implementing predictive analytics for cash flow forecasting with our customers, Nomentia is proud to present AI-powered Cash Flow Forecasting – a solution built for today’s treasurers. In this article, we will walk you through a general feature introduction, its benefits and who AI cash flow forecasting is for.  

What is Nomentia’s AI Cash Flow Forecasting solution?  

Nomentia’s AI Cash Flow Forecasting is built on our predictive analytics and perfected together with one of our clients, Karl Mayer. With the newest update, Nomentia’s AI Cash Flow Forecasting solution provides businesses with more accurate AI-driven insights and accelerated implementation.  

How does Nomentia’s AI Cash Flow Forecasting work?  

Ensuring accurate cash flow forecasts requires constant financial data update and suitable analyses. Nomentia’s AI Cash Flow Forecasting streamlines this process by automating data connection, enhancing data quality and leveraging various AI forecasting models.  

1. Automated data connection: As all your financial data across banks, ERP systems and entities are gathered and updated real-time in one platform, your cash flow forecasts are more reliable thanks to reduced data silos.
2. AI-driven cash flow forecasts: The most suitable models for your cash flow predictions are automatically selected and trained based on historical data to detect long-term cashflow trends, seasonal patterns as well as holiday effects and outliers. Our current AI forecasting models include Bayesian Structural Time Series, TBATS and SARIMA (ARIMA-based), Feedforward Neuronal Networks, Prophet, Support Vector Machine, XGBoost Linear Regression Models, Cubist Rules, Seasonal Moving Average, Complex Exponential Smoothing.
3. Additional business variables in forecasts: The use of AI allows for factoring in additional internal as well as external factors such as payment dates, production planning as well as resource prices and other business indicators. Reports on the influence of various factors on forecasting results are also shared for transparency and for better understanding of AI-driven insights. 
4. Powerful analytics: Nomentia’s robust analytic capabilities allow treasurers to analyze forecasts on multiple consolidation levels and time horizons and track deviations between actuals and forecasted data.
5. Continuous quality assurance: Through AI self-learning algorithms, automated forecasts are continuously compared to actual data. This highlights any discrepancies between the forecast and actual and provides feedback for enhanced accuracy of AI-powered cash flow forecasts over time.

Key benefits of Nomentia’s AI-powered Cash Flow Forecasting  

Navigating cash flow forecasting for treasurers has long been a challenge, with fragmented data, manual processes and unpredictable variables creating roadblocks to accuracy and efficiency. Here is how Nomentia’s AI Cash Flow Forecasting is transforming the traditional forecasting processes.  

• Boosted efficiency: Automated data connection across all your entities, systems and regions releases treasurers’ precious time from manual reports, while increasing data quality with reduced human errors. Our quick-to-build, easy-to-analyze forecasts with automation workflows ensure forecast quality with standardized processes.  

• Enhanced forecasting frequency: Improved efficiency empowers finance teams to increase the frequency of cash flow forecasts, enabling rapid recalculations in response to changing conditions or newly emerging factors. This agility supports more informed and timely decision-making. 

• Centralized visibility: With all your financial data available in one central platform comes a holistic view of your liquidity across the organization, enabling more clarity, control and better risk management.  

• Higher accuracy: Real-time data update, self-learning algorithms and various AI forecasting models ensure increasingly more accurate insights over time.  

Check all of Nomentia’s AI-powered Cash Flow Forecasting features here. 

Who is AI Cash Flow Forecasting for?  

AI’s exceptional power in data processing makes this a particularly beneficial enhancement for businesses with high volume of data and complex cash flow patterns. Nomentia’s AI Cash Flow Forecasting solution is designed to adapt to any business’s needs. Its success, however, relies on a solid foundation of historical and categorized cash flow data for the models to be able to recognize patterns and trends.  

This is why this approach works best for companies with steady payment flows in the B2C sector or subsidiaries with a broad customer base. However, companies in the B2B sector handling bigger projects with large individual payments can leverage AI’s capabilities to detect key cash flow drivers and influencing factors.  

See how our customer Karl Meyer, a leading B2B machinery manufacturer, achieved forecast accuracy of nearly 95% with the power of AI. 

Elevate your treasury performance with Nomentia’s AI Cash Flow Forecasting  

With AI-driven cash flow forecasting, Nomentia Nomentia simplifies the adoption of AI-powered forecasting, enabling businesses to achieve more accurate and efficient predictions for well-informed financial decision-making. 

Experience the future of cash flow forecasting today. Contact Nomentia to learn more or schedule a demo and see how AI-powered forecasting can transform your financial strategy.