How do you benchmark and compare your cash flow forecasts with industry standards and best practices?
Cash flow forecasting is a vital skill for any business, as it helps you plan and manage your finances, avoid cash shortages, and optimize your growth potential. However, how do you know if your cash flow forecasts are accurate, realistic, and aligned with your industry standards and best practices? In this article, we will show you how to benchmark and compare your cash flow forecasts with relevant sources of data and feedback, and how to use them to improve your forecasting process and performance.