What does the forecasting feature do?

The forecasting feature helps predict future cash flows based on historical data, trends, and seasonal patterns. This enables better planning and informed decision-making by anticipating cash needs or surpluses.

‍

How is forecasting data generated in Panax?

Panax uses a combination of historical transaction data from your ERP, user-defined assumptions, and AI algorithms to generate accurate cash flow forecasts. These can be customized based on specific timeframes or scenarios.

Can I adjust forecast assumptions?

Yes, Panax allows you to modify forecasts, making it easy to create different forecasting scenarios and assess their impact on your cash flow.

‍

Related resources
Cash Forecasting
What is cash flow forecasting?
Cash flow forecasting is the process of estimating the business’s future cash levels over a specific period of time. This financial management tool helps businesses anticipate cash shortages or surpluses, allowing them to make informed operational and strategic decisions.
Naomi Goldberg
5 min
About Panax
Panax forecasting: automate and customize your financial forecasting
Finance teams are required to forecast cash for multiple reasons: Staying ahead of upcoming inflows and outflows and preventing a potential short fall of cash Identifying opportunities of excess cash that can be invested and gain interest Contingencies/requirements from investors or banks
Noam Mills
5 min
Cash Forecasting
Direct vs indirect cash flow forecasting: which method works best for your business?
Direct cash flow forecasting, sometimes known as the 'receipts and disbursement method,' predicts future cash inflows and outflows by collecting expected cash receipts and payments over short-term periods, usually weeks or months. Focusing on detailed operational data such as customer payments and vendor obligations creates more precise direct cash flow forecasts.
Naomi Goldberg
5 min
"Seeing everything in one place and getting proactive alerts and trends has been a game-changer for our cash management processes."
N. Bar
, 
Finance Director
"Panax enables us to optimize our cash management and maximize the total yield we gain on our liquidity."
M. Moore
, 
VP Finance
"Using Panax saves my team many hours of manual work and errors and gives me the insights I need to understand our cash trends and take proactive decisions."
O. Chereshniya
, 
CFO
"I love Panax's waterfall cash report. I use it daily."
D. Tal
, 
VP Finance
"Panax’s proactive alerts and improved visibility, enabled us to increase our invested cash by $5.5m, which equals over $250k in interest income annually"
H. Shemesh
, 
VP Finance
"Panax streamlined our access to our global bank accounts. With Panax we have clear visibility into each hotel, understand cash flow cycles and make sure each hotel is funded to a sufficient level. Having this access in one portal has enabled us to move quicker and maximize liquidity"
M. Asulin
, 
Head of Investments