Cash flow forecasting using a bottoms-up machine learning approach

US11526859B1 · kind B1 · utility

Assignee

• Bottomline Technologies, Sarl · CH

Inventors

• Peter Cousins · Modesto, US
• Edouard Joliveau · Monthoux, FR

Key dates

• Filing date: Sep 4, 2020
• Grant date: Dec 13, 2022
• Expiry date: Sep 4, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and apparatus for improving the management of cash and liquidity of an organization utilizing a plurality of ledger accounts and a plurality of currency accounts is described. One improvement in the accuracy of the forecasts comes from the uses of individual ledger accounts. The improvements optimize the interest earnings for the cash balances in each currency account and minimizes the expenses related to funding the currency accounts. Machine learning techniques are incorporated to forecast payments, receipts, interest rates, and currency exchange rates, and then the cash is transferred or borrowed or loaned to fund the payments and utilize available cash.