Hi Danilo
A great question!
While, of course, a lot of flows that are inputs in the cash flow forecasts aren’t owned by Treasury, it will be of little use to try to get perfect data from all the different parties involved – AP, Tax, Collections, Payroll, just to name a few.
Not only it will be difficult to get them to actually provide the data, but most of it won’t be of much use. Try asking Collections to predict when the clients will pay.
Treasury should be able to source most of the BAU data and complement it with some big ticket items, such as Tax payments, for example.
Be it manually, from ERP, or with the help of TMS, Treasury should know the inflows and outflows from the bank accounts – after, we are the stewards of cash.
Treasury would, therefore, be the main owner of the data that flows into forecasts and, therefore, will also be able to enhance these without relying on other teams’ buy-in.
Alex
