GTreasury releases AI-fueled forecasting solution, SmartPredictions

By Pavithra R

GTreasury, a treasury management system provider, has announced the release of SmartPredictions, improving cash forecasting accuracy by applying artificial intelligence (AI) to short- and long-term treasury data.

The need for Forecasting precision is increasingly becoming critical to corporations’ cash management and liquidity planning. The firm, on the heels of increased market demand for forecasting accuracy, is making the capability generally available to customers.

SmartPredictions leverages AI to train and test business’ historical liquidity data to accurately predict and forecast future transactions. With an intuitive interface, treasurers can indicate which of their datasets to include in a given forecast. They can also customize how much historical data to include and how far into the future to request forecast data. SmartPredictions will algorithmically select the optimal model for each dataset input based on predicted accuracy from various machine learning models as well as a traditional projection method suited for time-series data problems.

“Proactively planning for future liquidity requirements – with as much accuracy as possible – is more important than ever. Corporate decisions hinge on cash forecasting and, as we’ve all seen this year, that forecasting can change rapidly. With SmartPredictions, we’re providing treasurers with an AI-fueled forecasting solution that gives them best-fit accuracy and will continually earn their trust. As treasurers are well aware, more accurate forecasting yields superior operational cash management, improved ROI rates, and more confidence in paying down debt.,” said Renaat Ver Eecke, CEO, GTreasury.

2 of the machine learning models that are at the core of GTreasury’s new SmartPredictions capability are Decision Tree Regressor (gradient boosted framework) builds out regression models in a tree structure and Singular Spectrum Analysis.

“We built SmartPredictions to be transparent in how artificial intelligence is being applied to treasurers’ data. Our solution is uniquely clear about which forecast model was chosen as the most accurate fit, why it was chosen, and what the expected error margin is for every forecast. SmartPredictions offers treasurers the industry’s most accurate and least time-intensive cash forecasting solution,” said Roger Comins, Director – Product Management, GTreasury.

Recently, GTreasury partnered with Goldman Sachs to provide global payments for treasury professionals.

Established since 1986, GTreasury is a leading provider of integrated SaaS treasury and risk management solutions for the digital treasurer. The company empowers organizations in their path to the strategic treasury by enabling total visibility into their cash, payments, liquidity, and financial risk management. In 2018 GTreasury acquired Sydney-based Visual Risk, integrating the companies to deliver a single SaaS solution for Cash and Liquidity Management, Payments, Accounting, Banking, Financial Instruments, Risk Management, and Hedge Accounting.