Oracle has launched a cash forecasting module for its NetSuite ERP. Oracle says Cash 360 offers customers a real-time view of their cash position and the ability to generate near-term forecasts.
Cash 360 also offers a configurable dashboard that can include links to key cash management activities such as current cash balance, accounts payable and accounts receivable balances, cash flow trends, and a rolling six-month cash flow forecast.
“Insufficient cash flow is the main reason new businesses fail in the first five years, but despite it being such a critical area, many businesses struggle with cash management due to poor visibility and an inability to accurately forecast,” said Gary Wiessinger, SVP of product management, Oracle NetSuite. “NetSuite Cash 360 turns a complex process into a simple one by giving customers everything they need to effectively manage cash flow to help ensure they have the cash reserves to maintain day-to-day operations, pay employees and suppliers, fund sales and marketing efforts, service debt, acquire capital equipment, and make other long-term investments.”
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