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When considering the performance of any forecasting model, the prediction values it produces must be evaluated. This is done by calculating suitable error metrics. An error metric is a way to quantify the performance of a model and provides a way for the forecaster to quantitatively compare different models 1. They give us a way to more objectively gauge how well the model executes its tasks.
A 13 week cash flow forecast is a short term forecast used during liquidity shortfalls to plan a company’s cash flows and avoid financial distress such as missing payroll, defaulting on debt, and ending up in bankruptcy or receivership. Cash flow models, cash flow projections, and cash flow forecasts are shorthand for a 13 week cash flow model. The 13 week cash flow model is a tactical forecasting tool used in business turnaround situations, rather than a strategic business forecasting model use
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The use of payroll software and/or payroll services can be a valuable tool to support nonprofit organizations throughout the grant life cycle. From the time a grant writer begins the […]. The post Grant Management: How Payroll Can Have An Impact appeared first on Capital CFO+.
The use of payroll software and/or payroll services can be a valuable tool to support nonprofit organizations throughout the grant life cycle. From the time a grant writer begins the […]. The post Grant Management: How Payroll Can Have An Impact appeared first on Capital CFO+.
This is the first in a three-part series highlighting key insights provided at a recent panel discussion from the CFO Leadership Council’s Atlanta chapter. The conversation focused on cash cash flow management, planning and forecasting during a cash-crunched environment, and featured insights from two CFOs and a VP of Finance. In this installment, these leaders […].
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This is the first in a three-part series highlighting key insights provided at a panel discussion from the CFO Leadership Council’s Atlanta chapter. The conversation focused on cash cash flow management, planning and forecasting during a cash-crunched environment, and featured insights from two CFOs and a VP of Finance. . In this installment, these leaders look back at how they dealt with the initial shock of lockdowns and closures, how that impacted FP&A teams and their approach to cash flo
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