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Cash is the lifeblood of a company. Cash forecasting is the discovery process to predict your future cash needs. How would you feel if you discovered that you had four months of cash left to operate? I am sure you will lose your sleep. Thus, cash forecasting and understanding your balance sheet are essential. It is especially vital for cash-intensive companies such as manufacturers.
In today's episode, we have our guest Alok Ajmera, who discusses the corporate performance management (CPM) function and breaks down its processes into the tactical cost-saving and strategic components. He also touches on concepts such as continuous and consistent planning. Finally, he explains the role and interactions of CPM and ERP software and what value each of these tools adds to an SMB organization.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
WBSRocks: Business Growth with Enterprise Software and Digital Transformation