David has designed and implemented Global Cash Forecasting systems as part of engagements to reengineer cash management processes as well as stand-alone projects.
The resulting Cash Forecasting process integrates the data flows and processes associated with Working Capital, Cash Management and Cash Forecasting.
The standards by which the Cash Forecasting processes is benchmarked are:
· 90% + accuracy over 90 days
· Daily setting of position by 11:00 a.m.
· Automatic daily updating of forecast
· Value-priced
· Readily identifies anomalies
· Functional, flexible and scable
· Treasury owns the end-to-end process
Cash Forecasting is a mission critical activity that deserves the attention of a Treasury expert.
Bank Fee Consulting
David has been called upon by clients to identify ways in which to reduce bank fees and improve their management. Traditionally the engagement entails a review of bank invoices to identify redundant and unnecessary charges and the development of an on-going process to manage global bank fees.
Bank Fee engagements are all contingency, either the findings identify sufficient savings to offset the cost of the engagement or no fee is due.
