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Three Keys to Cash Flow Forecasting in the Cloud

Contributed article by: Adaptive Insights

There’s no denying the business value of cloud-based applications. From streamlined processes for increased efficiency, to greater cross-departmental collaboration, cloud apps increase workplace efficiency by making historically tedious and expensive processes more intuitive. For example DocuSign’s new Express Digital Signature tool has made SaaS signatures easier, faster and more convenient than ever before.

Adaptive Insights is another example, as our cloud BI & CPM suite includes financial reporting software, cash flow projection features, and a wide range of other tools to help corporate finance teams streamline financial close processes and gain more valuable insights out of corporate data. As a result, business leaders are equipped with accurate, timely financial and operational data that can be used to make smarter and faster business decisions.

Such added insights have a positive effect within departments beyond finance, particularly sales teams. Just check out this DocuSign infographic, as well as this Nucleus Research ROI Study, to find out how this industry-leading organization was able to achieve the following results through their use of the Adaptive Insights Suite:

 

You too can use cloud applications to drive similar results, so long as you choose cloud apps that meet the follow three requirements.

  1. Integration of Cross-Departmental Data

Integrating key performance indicators (KPIs) is critical to producing holistic financial reports for your business. By choosing the right budgeting software for your needs, you’ll be able to merge sales, finance, and operational data and create a comprehensive portrait of your financial state. That insight can then be used to more accurately set future revenue targets.

  1. Easy Access to Analytics

The next step is to provide easy access to intuitive, visual analytics for line-of-business managers across departments. When you give a greater number of people across your business easy access to key metrics, you get more people involved in the financial process and focused on real revenue-generating tasks. Additionally, cloud-based platforms with integrated analytics allow sale teams to easily recommend, price, and bundle products based on a customers’ previous purchasing preferences, which helps to generate more revenue via up-sell opportunities.

  1. Intuitive User Experience

A cloud solution that is end-user focused is essential to creating a collaborative experience around important sales and finance processes. That means choosing an application that’s built from the ground-up with an intuitive user interface and with collaborative features at the core. Such an easy-to-use tool will free employees from dependence on IT while boosting efficiency throughout the organization, both of which are central to the latest Adaptive product release.

Try it for yourself and find out why today’s fastest-growing, most innovative companies such as DocuSign use the Adaptive

Read the original blog entry...