Summary of "EG Jydacom - JIIRI Kassavirtaennusteen esittely"

The video presents the Jiiri cash flow forecast tool by EG Jydacom, designed specifically to address cash flow management challenges in construction companies. The main focus is on improving predictability, visibility, and decision-making in financial management through an integrated forecasting solution.

Main Financial Strategies and Business Trends:

cash flow forecasting Importance: Emphasizes the critical role of cash flow forecasting in managing solvency, handling regular and unexpected expenses, and avoiding surprises in volatile markets, especially in construction.
Integration of Multiple Data Sources: Combines accounting data (purchase/sales invoices), site-level forecasts, tied transactions, and external forecast entries to create a comprehensive cash flow picture.
scenario planning and Long-Term Forecasting: Supports scenario creation for project planning phases, investment timing, financing needs, and long-term business development.
Operational and financial management Synergy: The tool is useful not only for finance teams but also for work and procurement managers, enabling better scheduling, procurement planning, and pacing of projects.
Automation and Data Accuracy: Reduces manual work and human errors by synchronizing data from various systems and automating updates, improving the reliability of forecasts.
User Rights and Data Security: Sensitive information like bank account balances is controlled via user rights to ensure confidentiality.
Visual and Analytical Tools: Provides graphical views of cash flow development, margin curves, and detailed drill-downs by site, event, and forecast type.
Reliability Checks: Includes a checks tab to monitor forecast accuracy, periodicity alignment, and identify alarms or discrepancies in site forecasts.

Methodology / Step-by-Step Guide for Using Jiiri cash flow forecast:

Data Import & Setup:
- Import forecast data from production management and site-level littera forecasts.
- Select event types and time periods for forecasting.
Forecast Formation:
- Create ledger forecasts based on actual events.
- Drill down into site-level forecasts to analyze costs, revenues, and event details.
- Include tied events to avoid double counting.
- Aggregate forecasts based on construction site start/end dates or inventory periods.
Scenario and Long-Term Planning:
- Use periodized forecasts for long-term scenario planning.
- Combine multiple construction sites for group-level forecasts.
Inclusion of External Items:
- Add forecast entries for external income and expenses such as salaries, investments, dividends, taxes, and loans.
Bank Account Balances:
- Import bank balances to enrich the forecast and calculate estimated VAT payments.
Reliability Checks and Alarms:
- Use the checks tab to review forecast reliability.
- Identify and resolve periodicity mismatches or outdated forecasts.
- Monitor uninvoiced payment items and unallocated purchase orders.
Visualization and Reporting:
- Use graphical views to monitor cash flow trends and margins.
- Drill down to detailed data for decision support.