SAN FRANCISCO--(BUSINESS WIRE)--Leading working capital solutions provider Taulia has announced the launch of a new AI-powered cash forecasting solution which gives Treasurers greater accuracy in their forecasts, as well as reducing the effort involved in this challenging activity.
Treasurers consistently cite cash forecasting as their number one priority. However, forecasting is a time-consuming and resource-intensive process and all too often the results fail to accurately forecast cash shortfalls or surpluses.
By drawing upon document level data combined with counterparty risk and network behavior data, Taulia Cash Forecasting takes a data-driven approach, which when coupled with Taulia’s machine learning engine, results in an accurate and reliable view of future cash flows. With near real-time visibility into their future flows, Treasurers can improve their yield on cash, more effectively manage foreign exchange risk and anticipate future financing needs.
“Taulia Cash Forecasting is an exciting step towards Taulia's vision to creating The Working Capital Platform of the future,” said Brady Cale, Taulia’s Chief Technology Officer. “Integrating AI with document level data greatly improves the speed and accuracy of cash forecasting, meaning that treasurers can make faster, better-informed decisions about their cash.”
Note for editors: Taulia is a leading provider of working capital solutions headquartered in San Francisco, California. Through a unique combination of its AI-powered platform, people and process, Taulia helps companies access the value tied up in their supply chain by transitioning from inefficient and often manual working capital management practices into technology-led, working capital optimization strategies. Taulia’s vision is to create a world where every business thrives and by enabling buyers and suppliers to choose when to pay and get paid, it liberates cash across the supply chain. A network of 1.8 million businesses use Taulia’s technology and the company processes over $300 billion every year. Taulia is trusted by over 120 of the world’s largest companies with clients including Airbus, AstraZeneca, Nissan, Telstra, the UK Government’s Crown Commercial Services and Vodafone. Achieving revenues of $48.8 million in 2018, the company is featured in the 2019 Inc. 5000 list of the fastest-growing private companies in the U.S.