Software-as-a-service FinTech Kyriba has added an artificial intelligence cash-management tool to its array of cloud-based finance and information technology tools, the company announced last Thursday (Sept. 15).
The tool, called Cash Management AI, uses data science to predict cash availability “with increased speed, control and reliability,” the announcement stated, and “improves companies’ cash management and forecasting capabilities.”
“With increasing market volatility, CFOs are demanding greater accuracy and reliability from their cash forecast,” Jean-Baptiste Gaudemet, senior vice president of data analytics at Kyriba, said in a prepared statement.
PYMNTS noted in a June 14 article: “If the past few years have taught us anything, it’s that financial forecasting is tough — and for treasurers especially, it’s a blend of art and science. Cash flow remains the cornerstone of a company’s health, but with pandemic impacts, changing consumer behaviors and supply chain disruptions, it has become harder to forecast it.”
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