Intelligent Financial Planner

Piteco’s new proprietary Intelligent Financial Planner solution, unique in Italy, combines the precision of Piteco’s financial analysis of treasury flows with the power of AI algorithms to assist Treasurers and Cfo’s in identifying the best strategies for managing cash deficits or surpluses to achieve business objectives

If Financial Planning already represents the most strategic point in corporate cash management – forward looking, visibility on daily and prospective financial positions, moving away from a mere accounting perspective – today Piteco further enhances this added value by having the scenario building on the effects of each choice intelligently done by a tool that identifies the possible options for managing the cash surplus or deficit, taking into account the preference or exclusion criteria entered by the Treasurer or Cfo.

Intelligent Financial Planner is a valuable tool that enables companies to quickly manage manoeuvre solutions to minimise the implicit and explicit costs of financial strategies when there is a cash surplus or deficit.

The solution combines the consolidated accuracy in the generation of corporate cash flows of Piteco software with advanced artificial intelligence algorithms developed ad hoc thanks to the collaboration with ORS, a reference company in the development of software platforms to optimise and automate business processes through artificial intelligence logic

Starting from a snapshot of the company’s financial position, Intelligent Financial Planner identifies the possible options for managing the cash surplus or deficit, taking into account the preference or exclusion criteria entered by the Treasurer or Cfo in the light of priorities or existing technical, contractual and strategic business constraints

A sophisticated optimisation engine works within the established constraints and elaborates the financial strategy in terms of the conditions of use of existing credit lines to be preferred or excluded, the conditions of factoring contracts, invoice discounts and advances or the use of overdraft facilities – to give a few examples – on the basis of the framework outlined, as well as quickly offering the range of all viable options while minimising implicit and explicit costs

IFP also offers the corporate decision-maker a projection of the effect that the different strategies can have with a 13-week time horizon, with high levels of reliability also guaranteed by the what if analysis options that in times of particular uncertainty also make it possible to predict the impact of possible sudden changes

“Treasury is increasingly a strategic incubator within the company, and Intelligent Financial Planner – the solution we use that takes financial planning to a new level – contributes greatly to the empowerment of the role of treasury and the CFO. As is often the case, there are times when there is a cash surplus in the company, others when more resources are needed: having the ability to determine possible choices in the area of cash optimisation is a great advantage. For this, the planning method used in the past is no longer sufficient: we have to move from what if to how to with management solutions that can help us in strategic decisions“

Gabriele Mazzi, Cfo Banfi