U.S. Bank Releases Advanced AI Cash Forecasting Tool for Businesses

U.S. Bank recently introduced a major new solution, an AI Cash Forecasting Tool for business clients. This solution is called U.S. Bank Liquidity Manager. It is powered by the Kyriba liquidity performance platform. This tool uses traditional and advanced methods. It helps mid-sized and large firms significantly. Specifically, it delivers real-time visibility and control. It focuses on cash and overall liquidity positions. Many companies struggle with timely liquidity views. This is especially true across multiple banks and geographies. Kristy Carstensen leads Treasury and Payment Solutions at U.S. Bank. She stated the solution addresses these challenges directly. Therefore, this powerful tool empowers clients greatly. They make strategic financial decisions with confidence.

New Features for Cash Optimization

The new platform includes Cash Forecasting with Cash AI. This feature uses Cash AI to enhance all forecasts. It leverages historical cash flow data extensively. This data predicts future cash flows more accurately. It provides greater precision in daily cash positions. Moreover, it adapts easily to changing business conditions. Another key feature is Cash Positioning automation. This handles daily cash positioning quickly. It also performs reconciliation in real time. Reporting is available by account and by bank entity. The tool offers Multi-bank Reporting immediately. This ensures 100% cash visibility globally.

Driving Efficiency and Control

The AI Cash Forecasting Tool includes Cash Pooling management. This feature automatically tracks Zero-Balance Accounts. It manages cash sweeps across different banks swiftly. Furthermore, the platform provides enhanced visibility. All stakeholders see a real-time financial status clearly. This enables stronger collaboration across teams. It also improves overall risk management. Automation and centralization reduce operational costs quickly. This eliminates the need for managing many banking portals. Consequently, streamlined workflows reduce all manual tasks. This frees up teams for strategic initiatives easily. Clients access the Liquidity Manager directly. They use SinglePoint, the U.S. Bank treasury management platform. This powerful AI Cash Forecasting Tool is a major win for corporate finance teams.

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News Source: Businesswire.com