GTreasury Releases AI-Powered SmartPredictions™ to Sharpen Treasurers’ Cash Forecasting Accuracy

GTreasury Releases AI-Powered SmartPredictions™ to Sharpen Treasurers’ Cash Forecasting Accuracy
31.08.2020 01:29 pm

GTreasury Releases AI-Powered SmartPredictions™ to Sharpen Treasurers’ Cash Forecasting Accuracy

Cash management , Liquidity , Data , Risk Management , Treasury

GTreasury, a treasury and risk management platform provider, today announced the release of SmartPredictions™, which improves cash forecasting accuracy by applying artificial intelligence to short- and long-term treasury data. As forecasting precision becomes increasingly critical to corporations’ cash management and liquidity planning, GTreasury is making the capability generally available to customers beginning today.

SmartPredictions uses AI to train and test business’ historical liquidity data in order to accurately predict and forecast future transactions. With an intuitive interface, treasurers can quickly indicate which of their datasets to include in a given forecast. They can also customize how much historical data to include, as well as how far into the future to request forecast data. For each dataset input, SmartPredictions will algorithmically select the optimal model based on predicted accuracy, from a variety of machine learning models and one more traditional projection method well-suited for time-series data problems.

“Proactively planning for future liquidity requirements – with as much accuracy as possible – is more important than ever,” said Renaat Ver Eecke, CEO, GTreasury. “Corporate decisions hinge on cash forecasting and, as we’ve all seen this year, that forecasting can change rapidly. With SmartPredictions, we’re providing treasurers with an AI-fueled forecasting solution that gives them best-fit accuracy and will continually earn their trust. As treasurers are well aware, more accurate forecasting yields superior operational cash management, improved ROI rates, and more confidence in paying down debt.” 

Two of the machine learning models that are at the core of GTreasury’s new SmartPredictions capability:

  • Decision Tree Regressor (gradient boosted framework) builds out regression models in a tree structure – splitting historical data into increasingly smaller samples according to predictor variables such as day/month/year, early-month/end-of-month, and other seasonality indicators.
  • Singular Spectrum Analysis processes data points sequentially to predict what subsequent data will look like based on previous influences. 

“We built SmartPredictions to be transparent in how artificial intelligence is being applied to treasurers’ data,” said Roger Comins, Director, Product Management, GTreasury. “Our solution is uniquely clear about which forecast model was chosen as the most accurate fit, why it was chosen, and what the expected error margin is for every forecast. SmartPredictions offers treasurers the industry’s most accurate and least time-intensive cash forecasting solution.”

Related News

Customers More Likely To Default On Invoices Due To Pandemic-Related Cash Flow Problems

The Covid-19 pandemic has caused an increase in finance professionals dealing with outstanding invoices from customers, according to nearly half (48%) of respondents surveyed... Read more »

Sterling National Bank and Cashfac Announce Strategic Business Alliance for Launch of New Escrow Account Platform

Today, Cashfac, a global provider of back-office cash management software, and Sterling National Bank (“Sterling”), the wholly-owned operating... Read more »

MayStreet expands cash treasury offering with the addition of Fenics data

MayStreet, the industry’s leading market data infrastructure provider, today announced it has added Fenics USTreasuries (Fenics UST) to its US cash treasury... Read more »

SmartStream the first to launch a comprehensive intraday liquidity stress testing on demand solution

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced the launch of its Intraday Liquidity Stress... Read more »

Retail cash automation market booms as global installations surpass 700,000

Latest research shows retailers across the world are investing in technology that improves cash management and boosts security

Market outside Japan... Read more »

Sidetrade’s CashTarget brings gamification to the dash for cash, post-lockdown

Sidetrade (Euronext Growth: ALBFR.PA), the Artificial Intelligence platform dedicated to accelerating company revenue and cashflow, is thrilled to unveil CashTarget, a new... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel