Cash Management And Forecasting Training Course: Mastering Liquidity

Introduction:

Effective cash management and accurate forecasting are essential for financial health and business success. This comprehensive training course on Cash Management and Forecasting equips participants with the knowledge and practical skills to optimize cash flow, enhance liquidity, and make informed financial decisions. Participants will learn advanced forecasting techniques, explore cash optimization strategies, and understand the crucial role of technology in modern cash management. This course empowers financial professionals to master liquidity, improve financial performance, and contribute to the strategic goals of their organization.

Target Audience:

This course is designed for professionals involved in managing and forecasting cash flow, including:

• Cash Managers
• Treasury Analysts
• Financial Analysts
• Controllers
• Accountants
• Anyone seeking to enhance their cash management and forecasting skills

Course Objectives:

Upon completion of this Cash Management and Forecasting training course, participants will be able to:

• Explain the importance of cash management and forecasting.
• Describe various cash forecasting techniques, including advanced methods.
• Develop and implement cash optimization strategies.
• Understand the role of technology in modern cash management.
• Analyze cash flow data and identify trends.
• Improve cash forecasting accuracy.
• Enhance liquidity management.
• Optimize working capital.
• Make data-driven financial decisions.
• Contribute to the financial success of their organization.

DURATION

5 Days

COURSE CONTENT

Module 1: Introduction to Cash Management and Forecasting

• The importance of cash management and forecasting for business success.
• The role of cash in business operations and financial health.
• Key concepts and terminology in cash management and forecasting.
• The cash conversion cycle and its significance.
• Setting the stage for effective cash management and forecasting.

Module 2: Cash Forecasting Techniques

• Short-term cash forecasting methods (e.g., direct method, indirect method).
• Mid-term cash forecasting techniques.
• Long-term cash forecasting techniques.
• Advanced forecasting methods (e.g., statistical models, time series analysis, machine learning).
• Selecting the appropriate forecasting technique based on the business needs.

Module 3: Advanced Forecasting Techniques

• Statistical forecasting models (e.g., regression analysis, ARIMA models).
• Time series analysis and forecasting.
• Machine learning applications in cash forecasting.
• Scenario planning and stress testing for cash flow.
• Integrating data analytics into cash forecasting.

Module 4: Cash Optimization Strategies

• Working capital management and optimization.
• Cash pooling and sweeping.
• Short-term investment strategies.
• Bank relationship management.
• Payment and collection optimization.

Module 5: Liquidity Management

• Liquidity risk management and stress testing.
• Cash flow forecasting for liquidity management.
• Developing contingency funding plans.
• Managing short-term borrowing and investment strategies.
• Optimizing liquidity buffers.

Module 6: Technology in Cash Management

• Treasury Management Systems (TMS).
• Enterprise Resource Planning (ERP) integration.
• Cloud-based cash management solutions.
• Real-time cash visibility and reporting.
• Automating cash management processes.

Module 7: Working Capital Management

• Accounts receivable management and optimization.
• Inventory management and optimization.
• Payables management and optimization.
• Cash conversion cycle analysis and improvement.
• Using data analytics to optimize working capital.

Module 8: Cash Flow Analysis and Reporting

• Analyzing cash flow statements.
• Cash flow ratios and metrics.
• Cash flow reporting and communication.
• Using cash flow information for decision-making.
• Developing cash flow dashboards and reports.

Module 9: Best Practices in Cash Management and Forecasting

• Developing a cash management and forecasting policy.
• Implementing internal controls for cash management.
• Regularly reviewing and updating cash management and forecasting processes.
• Staying current with industry best practices.
• Continuous improvement in cash management and forecasting.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 5 working days before commencement of the training.