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HR & Payroll Add-on for Australian Businesses
Our cash flow forecasting add-on in D365 gives you a clear view of future financial health, aiding in strategic planning and decision-making. Track actuals against your forecasts to align with your financial goals and make timely adjustments. This ensures your business is well-positioned for growth and success.
Cash flow forecasting is the process of estimating future financial inflows and outflows to predict a company’s liquidity position over a specific period. Businesses can anticipate potential cash shortages or surpluses by analysing historical data, current financial conditions, and expected future transactions. This proactive approach helps organisations make informed decisions about spending, investments, and financing, ensuring they maintain sufficient cash reserves to meet their obligations and support growth.
DHRP’s Cash Flow Forecast & Actuals Add-on for Dynamics 365 Finance & Operations (F&O) delivers a comprehensive solution, eliminating the need for unreliable Excel spreadsheets and fragmented data. It addresses all the challenges faced by traditional cash flow management and assists you with informed financial decision-making.
As the modern business prevails, it also demands a certain level of resilience, competition, agility, and firmness. With the rising unpredictability, it is worrisome for CEOs and CFOs to have accurate forecasts and actuals. But numbers are important.
Businesses actively seek cash flow forecasting solutions to ensure they maintain healthy financial operations. These solutions provide a clear picture of future cash inflows and outflows, helping companies anticipate potential shortfalls or surpluses. By having a reliable forecast, businesses can make strategic decisions on spending, investing, and saving.
This proactive approach not only safeguards against unexpected financial challenges but also supports sustainable growth by enabling better financial planning and resource allocation. Ultimately, accurate cash flow forecasting empowers businesses to stay agile, competitive, and financially secure.
Businesses can take action to plan for probable future cash flow gaps by recognising them early. They can then determine strategies to reduce cash outflows for that month, utilise credit to pay suppliers or save extra cash in advance.
You may make more well-informed decisions because you will have the financial data necessary to support or reject particular company ventures. Ensuring your company doesn’t make a choice that could endanger long-term financial flow.
In the same way that times of negative cash flow can be detected, periods of positive cash flow can also be anticipated using cash flow projection. You can benefit from this positive cash flow balance by anticipating when you will have more cash.
By drawing a picture of predicted cash outlays over a specific period of time, you can better track and comprehend your routine business expenses. This helps you identify trends and potential overspending early. Accurate tracking also enables more informed budgeting decisions and enhances overall financial management.
Using cash flow forecasting, you may gain insight into your customers who frequently make late payments, which affects your cash flow. By identifying these clients and establishing more stringent credit periods, you could improve your cash flow and prevent negative cash flow as a result of these late payments.
Using cash flow forecasts, you can simulate the financial ramifications of fictitious business scenarios, such as investing in new production equipment, providing next-day delivery options, or comprehending the cash flow ramifications of establishing a seasonal product line. This also aids in strategic decision-making and risk management.
If your cash flow accuracy is currently 40%, the DHRP add-on can raise it to 70%.
Maintaining successful credit policies requires maintaining customer aging reports. Thanks to the data input from customer aging, executives have instant access to a balance sheet. If they know unpaid bills and past dues, they can identify and maintain bad cash flow.
The balances owed to vendors are shown in the Vendor Aging Report, sorted by date range or aging period definition. Utilising Data Input from Vendor Ageing helps you keep track of vendor spending while providing all the information for a separate vendor account.
A medium-term projection typically covers a period of one year. Long-term projections are made for the most important strategic choices that will be made inside an organisation, and the effects on resources heavily influence them.
Payroll issues, including late or revised time sheets, missed payments, tax payments, additional expenses, and other unique requests, fall under the category of “ad hoc payments.” These payments return to the page for collections, giving a central perspective. Collection managers can use this unified view to manage collections.
The liquidity accounts' opening balance is the initial period's balance. The sum of cash inflows and cash withdrawals from prior periods is used to establish the balances for the liquidity accounts for succeeding periods. You get to see it all in the cash flow grid.
Carrying out simple open purchase orders or selling orders processing smoothly requires some approvals from management, vendors, and often from the customers too. Create workflow approval to ensure the invoices, payments, or any other inflow or outflow has the approval of the right authorities in no time.
Using the import of export button by DHRP Add-ons, you can import Forecast Templates by selecting one or save the prepared Forecast as a Template by assigning a Name.
Short-term forecasting helps in practising making predictions about what will happen soon (we generally think of it as hour-by-hour) and then using that information to develop a strategy to fulfil those demands.
After receiving workflow management clearance, it will become operational and post the Cash Flow Forecast on the All Forecast Screen. The projected cash flow will be reversed.
If this toggle button is not set to Yes, only the summary will be shown as a customer collection. Use the summary to clarify custom invoices and other details of payment processes.
If this toggle button is not set to Yes, only the summary of the payment to vendors will be shown. Use it to clarify the vendor data and all the accounts associated with vendors from the past or listed as the leads.
It will appear in a separate row with a distinct heading. The cells can all be changed. Unposted invoices offer details on the cash flow that is yet to be retrieved or sent.
To better understand the total payment summary, fetch the unposted vendor payment log. Then, you can use it to view the account and payment data.
Fetch all the unposted free text invoices using the Free text field (e.g., by Month, by Quarter, by Week, etc.). Further, it is easy to save, delete, or modify the view as you need to monitor or track the cash flow.
Numbers matter, and in cash flow, they are as significant as an ROI. Therefore, DHRP is more than just forecast numbers; it creates a safe space for executives and financial teams to improve their systems and predictability to stay on top in their respective industries.
Make informed strategic decisions based on reliable cash flow forecasts. Invest with confidence, optimise borrowing strategies, and drive sustainable growth.
Proactively manage cash surpluses and deficits, ensuring sufficient liquidity to meet operational and financial obligations.
Eliminate tedious manual data entry and streamline forecasting processes, freeing up valuable time for strategic financial planning.
Gain peace of mind with reliable cash flow insights, allowing you to focus on driving organisational success.
The DHRP cash flow forecasting and Actuals add-on in Dynamics 365 is your solution. Take charge of your organisation’s finances by effortlessly tracking cash flow, identifying potential financial gaps early, and making informed budgeting decisions. With real-time insights, you can optimise your expenditures, ensure sufficient cash reserves, and drive profitability.
Don’t want to miss out on this game-changer? Get your cash flow management on track with the DHRP cash flow forecasting solution. Contact us now to begin the implementation and integration process!
DHRP understands that successful implementation requires more than just software. We offer comprehensive support to ensure you maximise the value of the Cash Flow Forecast & Actuals Add-on:
Don’t let inaccurate forecasts and fragmented data hinder your financial success. DHRP’s Cash Flow Forecast & Actuals Add-on equips you with the tools and insights you need to make informed decisions and achieve your financial goals.
Who says you cannot be a future big success? Just one right move can crush all the negative whispers. Take the first step and let DHRP handle the rest.
DHRP acknowledges the Traditional Owners and Custodians of Country throughout Australia and acknowledges their continuing connection to land, waters and community. We pay our respects to their people, cultures and Elders past, present and emerging.
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personal data by clicking on the button.
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personal data by clicking on the button.
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personal data by clicking on the button.
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You consent to the processing of your
personal data by clicking on the button.
Terms of use.
You consent to the processing of your
personal data by clicking on the button.
Terms of use.
You consent to the processing of your
personal data by clicking on the button.
Terms of use.
You consent to the processing of your
personal data by clicking on the button.
Terms of use.