Using manual methods for cash forecasting has always been a long and tedious process. Along with being time-consuming, manual methods also increase the risk of costly errors that leave business owners wondering, “What is cash flow forecasting really doing for my company?”

Many of the problems businesses face with creating cash flow forecasts can be solved with automation.

photo credit: Joshua Sortino / Unsplash

Here’s why automating cash flow forecasting is important.

Data Input Takes Too Long

It’s no secret that manual data input requires a lot of time. Prior to automation, this was something that just had to be accepted as par for the course.…