Revenue and cash flow forecasting

Assessment:   An initial review of the existing landscape including:

• Existing financial system
• Connection of the financial system to operating bank accounts
• Historical financial information over the last 12 months and projections for the next 3-6 months.

Recommendations for implementation including:

• Integration to Bank Accounts, and Cash Flow forecasting system

Implementation: Put in place the systems and processes to be able to build a Cash Flow forecast, ideally for 6 months. 

This will include:

• Financial Information system (e.g. Xero) including Bank Account integration 
• Cash Flow forecasting system
• Budgets for next 12 months
• Upcoming and Open projects, with Cash Projections
• Set colour coded thresholds (Red, Amber & Green)

 Analysis: Ongoing analysis of both cash position, and forecast.

• Regular reporting and feedback on Actuals against Forecast for Cash Position.
• Red, Amber & Green status reporting on Cash Position, Revenue to Budget/Projection and Costs to Budget/Projection
• Regular review of Money In/Money Out transactions.
• Timing and frequency of reporting will depend on timing of major inputs and outputs

The Analysis also includes recommendations and discussion of actions to take to address any concerns.

Advisory:  A "Deep Dive" into issues found in the regular Analysis reports, especially issues which are Amber trending Red.