Case Studies The ABCs of Accurate Cash Forecasts

Edit This Case Study Record

	The ABCs of Accurate Cash Forecasts

The ABCs of Accurate Cash Forecasts

Technology Category	Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Exchange & Integration Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Education Professional Service
Applicable Functions	Business Operation
Services	Cloud Planning, Design & Implementation Services System Integration
Challenge	Pearson faced a highly complex and globally dispersed financial data environment. With IT already heavily focused on digitising the business, the treasury department was keen to ensure that the workload for IT was kept low. The company needed a solution that could integrate seamlessly with their existing systems, automate data input to reduce manual work, and provide detailed insights into cash flow drivers to drive behavioural change. Read More
About Customer	Pearson is the world leader in learning and educational services. For more than 170 years, the British multinational publishing and education company, which is headquartered in London, provides content, assessment, and digital services to learners, educational institutions, employers, and governments worldwide. Today, more than 160 million users in nearly 200 countries use Pearson’s products and services. Pearson has an annual turnover of over $4.6 billion, manages more than 600 bank accounts, and operates 30+ treasury centers globally. Read More
Solution	Pearson chose TIS for its robust integrations with banking partners and back-office platforms. The TIS platform allows bank statements and other relevant financial data to be automatically pulled in, providing comprehensive global insight into primary cash flow drivers. The platform also enables Pearson to drill down to review granular forecast details by operating company, driving behavioural change. Data sources and cash flows can be classified by type for faster and more efficient analysis, and reports can be easily shared with other departments and stakeholders. The AI-based algorithm in TIS Cash Forecasting iteratively back-tests its model to identify gaps or inconsistencies, making the outputs more accurate over time. The Actual vs. Forecast analysis enables Pearson to better manage liquidity and collaborate more easily with stakeholders and contributors outside of treasury who also need access to relevant data. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Application Infrastructure & Middleware - Data Exchange & Integration

Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Education

Professional Service

Applicable Functions

Business Operation

Services

Cloud Planning, Design & Implementation Services

System Integration

Challenge

Pearson faced a highly complex and globally dispersed financial data environment. With IT already heavily focused on digitising the business, the treasury department was keen to ensure that the workload for IT was kept low. The company needed a solution that could integrate seamlessly with their existing systems, automate data input to reduce manual work, and provide detailed insights into cash flow drivers to drive behavioural change.

About Customer

Pearson is the world leader in learning and educational services. For more than 170 years, the British multinational publishing and education company, which is headquartered in London, provides content, assessment, and digital services to learners, educational institutions, employers, and governments worldwide. Today, more than 160 million users in nearly 200 countries use Pearson’s products and services. Pearson has an annual turnover of over $4.6 billion, manages more than 600 bank accounts, and operates 30+ treasury centers globally.

Solution

Pearson chose TIS for its robust integrations with banking partners and back-office platforms. The TIS platform allows bank statements and other relevant financial data to be automatically pulled in, providing comprehensive global insight into primary cash flow drivers. The platform also enables Pearson to drill down to review granular forecast details by operating company, driving behavioural change. Data sources and cash flows can be classified by type for faster and more efficient analysis, and reports can be easily shared with other departments and stakeholders. The AI-based algorithm in TIS Cash Forecasting iteratively back-tests its model to identify gaps or inconsistencies, making the outputs more accurate over time. The Actual vs. Forecast analysis enables Pearson to better manage liquidity and collaborate more easily with stakeholders and contributors outside of treasury who also need access to relevant data.

Impact #1	Improved cash visibility and insights into cash drivers.
Impact #2	Enhanced speed and consistency in forecast generation.
Impact #3	Better insights provided to senior stakeholders.

Impact #1

Improved cash visibility and insights into cash drivers.

Impact #2

Enhanced speed and consistency in forecast generation.

Impact #3

Better insights provided to senior stakeholders.

Benefit #1	Millions in savings over time.
Benefit #2	Over $4.6 billion in annual turnover managed.
Benefit #3	600+ bank accounts integrated.

Benefit #1

Millions in savings over time.

Benefit #2

Over $4.6 billion in annual turnover managed.

Benefit #3

600+ bank accounts integrated.

Download PDF Version

Overview

The ABCs of Accurate Cash Forecasts

Operational Impact

Quantitative Benefit