Four out of Five Companies Can't Forecast Cash Flow, Study Reveals

Many enterprises still flying blind, study from The Hackett Group/ REL and the NACT shows; top performers able to forecast mid-term cash within 5 percent accuracy


Atlanta — July 22, 2009 — Four out of five of the world's largest companies are unable to accurately forecast mid-term cash flow, creating a potentially dangerous scenario when combined with shrinking levels of cash on hand in most industries, plummeting revenues, reduced margins, and limited availability of credit and cash from other external sources, according to a new study.