123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Technology,-Gadget-and-Science >> View Article

How Bi Technology Can Help In Cash Flow Analysis

Profile Picture
By Author: Bappaditta Jana
Total Articles: 17
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Cash Flow analysis helps in identifying the inflow and outflow of cash in an organization from operating, investing, and financing activities. It ensures liquidity in the organization and helps in maintaining a steady flow of cash.

An organization works in a dynamic environment that requires faster and more efficient decision-making. Moreover, these decisions can lead an enterprise to success or its impending doom. Efficient decision-making relies heavily on the accuracy and consistency of data.

The manual systems are time-consuming, inefficient, and also susceptible to errors. Hence, the cash flow statements must be supported by advanced technology.

How does BI technology help in Cash flow Analysis?

Data management

The manual method of compiling data from multiple excel sheets can be time-consuming. Business Intelligence companies provide advanced tools for updating, analyzing, forecasting, and reporting cash flow data. The enterprise-wide implementation of modules ensures that each department in the organization has access to a single database. ...
... This ensures consistency as changes made in any department are updated in real-time.

Reporting

BI Tools also enable an organization to prepare different charts and reports to aid in the cash flow analysis process. Cash flow analysis software can help generate reports based on geographical location, branches, and bank accounts.

Project management

Projects in an organization can have a significant impact on its cash flow and liquidity. BI tools help in assessing the project duration, resources requirement, costs incurred, and payment terms to arrive at accurate and timely cash flow planning.

Forecasting

Cash forecasts pave the way for an organization to achieve its business goals through short-term and long-term forecasts. BI technology also helps in preparing cash forecasts based on cash flow history and planned inflows and outflows. The easy-to-use forecasts can be prepared instantly and automatically.

Hence, it equips the managers to deal with any future shortages or surplus to the best advantage of the company. Intelligent forecasting with the help of BI technology helps in better resource allocation and budgeting.

Risk Management

Risk management is another important aspect that should not be ignored. Success every business has a different risk appetite. BI tools help in making projections and liquidity analysis.

Based on the current and projected cash flow, the managers can decide whether they should invest the surplus in upcoming opportunities and save cash to ensure liquidity.

Business Intelligence tools serve as a useful tool in cash flow analysis. They replace the manual approach that can lead to errors and inaccuracies. With seamless integration with CRM and ERP solutions, they help in consistent and accurate forecasts and reports.

More About the Author

Bappaditta Jana is a blogger who loves to spend his free time engaging in sports or gardening. Based in Kolkata, he is currently working with EasyReports an IT firm that has developed a BI reporting tool that can easily integrate with Tally ERP and many other applications.

Total Views: 37Word Count: 407See All articles From Author

Add Comment

Technology, Gadget and Science Articles

1. Connectivity Everywhere With 5g Hotspot Data
Author: dave

2. What Is Ip Geolocation
Author: Camimi Morales

3. Taking Bim Model Audits To The Next Level With Ifieldsmart Technologies
Author: ifieldsmart

4. Diy Home Lighting Ideas: Led Aluminum Profile Lighting
Author: 1888pressrelease

5. Streamfab Releases Telasa Downloader In Version 5.0.4.6
Author: 1888pressrelease

6. 4 Tips To Consider When Choosing A Laboratory Equipment Supplier
Author: Clinivex Enterprises

7. 10 Best React Ui Frameworks & Component Libraries To Consider For Faster Web App Development
Author: Ash Rakars

8. Experience Real-time Connectivity With Fast Unlimited Nbn
Author: Dave

9. All On-the-go Web Surfing With Unlimited Wireless Data
Author: Dave

10. The Role Of A Lean Six Sigma Consultant In Dubai
Author: yunusabbasi758

11. 4 Different Types Of Barcode Scanners
Author: Vishal Jain

12. How To Send Large Files Online With Ftp
Author: Naveen

13. Flutter Vs. Native - What To Learn In 2022?
Author: Subho Chowdhry

14. Get To Know Common Ipad Problems
Author: Charlie Wollstonecraft

15. How Easily Can You Improve Your Brand Strategy?
Author: Liam Mackie

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: