Data management within a company is essential to know its status. We always hear about the importance of automating processes, especially when it comes to annual cash forecasting.

But how can we apply automation to our company?

The innovations that have taken place over the last few years have allowed the creation of software that help companies manage their data without the need for a lot of knowledge or specific techniques. This progress can be reflected in how companies manage their finances today, accompanied by a SaaS such as Orama.

What is a treasury SaaS?

A SaaS is a “software as a service” and in Orama’s case, it focuses on automated and efficient treasury management. It is a support for the finance department that allows you to save time by automating processes and shows you the most relevant data of your treasury at the moment. It also allows the finance department to automate these repetitive processes in order to focus on other areas of the company’s finances.

Why manage your treasury with software?

Companies that have already implemented this type of software have noticed an improvement in the efficiency of their processes and productivity. One of the key points of these softwares is that are adapted to the financial needs of different company sizes. Above all, it is relevant in order to be able to perform cash flow forecasts, to set up a financial plan, coordinate payments, uncollected debts, or non-payments to public bodies due to a lack of coordination. This undoubtedly provides a competitive advantage over other companies in the sector that may not optimize their time efficiently.

The revolution in treasury management

Until now, companies managed their treasury manually in Excel, which can result in human error due to lack of organization and time or simply lack of data coordination. There are other companies that use their own digital management systems, which may be stuck in old technologies or company parameters. Upgrading this type of system or creating a new one is a very high investment and has few advantages today. The functionalities of a software like Orama are fully adaptable and upgradeable.

Orama is a user-friendly tool, which means that it does not require extensive technological and financial knowledge to be used. The sections that can be explored in it are based on a language known within the financial sector and department, so it is easy to know its sections. It has a system similar to the use that can be given to Excel, the most used tool in this sector. This type of design allows it to be quickly incorporated into the modus operandi of the finance department of any company.

Annual cash flow forecasts

Thanks to the use of Orama, you will be able to make annual cash forecasts fully automatically in just a few clicks. These financial forecasts are made on the basis of the history collected by the platform of your items (cash inflows and outflows).

In this way, you will be able to save a lot of time and possible mistakes when planning your company’s financial year. With Orama, it has never been easier to make annual cash flow forecasts for your SME.

Managing your treasury through a software allows you:

  • Track cash flow.
  • View bank transactions in real time.
  • Create alerts when a specific movement or financial situation is detected.
  • Analyze updated data.
  • Short-, medium- and long-term forecasts
  • Adaptation to your company’s operation
  • Obtain customer support