Accurately forecasting short- and long-term cash flow with Salesforce Einstein

Does your business face short- and long-term cash flow issues? Don’t take it lightly, it can vastly affect your business growth & revenue.

If you are ignoring it over dealing lockdown ease or working on getting business back in the flow, Artificial Intelligence of Salesforce Einstein can serve the favour.  

Though numbers don’t lie, here are some numeric stats to prove the point:

According to the data on small business insights: “Late payment increased 7.8 days for small business in between February to May 2021 and decreased the revenue 28%.”

But don’t they can lower the loss just by forecasting the cash flow?

Yes, they can. Despite that, it is not late to start over!

Staring tips to overcome cash flow issues by forecasting:

• Preventing shortfall in the first place
• Regularly using & creating cash flow statements
• Keep updating seasonal dip insights for necessary precautions
• Use modern-day tools to increase accuracy

Defining Cash flow issues-

When a business struggles to pay its debts because of the due payments, it has cash-flow issues. Or say, when money under a business funnel does not meet its requirements of account payable, it means they do not manage their cash flow.   

How to create a short-term cash flow forecast?

From one week to 90 days, looking for the near future forecast serves more confidence for customers.

1. Start with short-term money in
2. Look for how money comes into the business and enhance your sales
3. Add in short-term money out
4. Look for how you will pay out money

How to create a long-term cash flow forecast?

You can forecast as long as you like, but we advise at least doing it for 12 months or you can forecast it for up to 3 years as well.

1. Consider payments related to findings, huge maturities & investments
2. Include projection from finance & sales terms
3. Look for seasonality and historical business records

How Salesforces’ AI helps in improving cash flow?