Cash forecasting products are in hot demand, and the latest offering from Selkirk Financial Technologies Inc. brings a new level of flexibility to its traditional treasury workstation line. The product, Forecast Analytics, is designed as an add-on tool for a Selkirk workstation. However, a user can quickly access the forecasting tool with a PC without having to operate the workstation itself–a feature that Tom Morrison, vice president of products at Selkirk, notes is an attractive alternative for busy treasurers and CFOs. "It's a simple, straightforward tool that sits outside the workstation and puts the power in the decision makers' hands," says Morrison.
|Forecast Analytics is meant to be easy to use for identifying trends and troubleshooting for inconsistencies in forecast models in areas of cash, short-term investments and debt. It can also allow an executive to create a best- and worst-case forecast at the start of a year and then monitor the company's progress relative to that scenario throughout the year.
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