Business Development Bank of Canada releases new cash flow planning tool
Business Development Bank of Canada (BDC) has launched a new Excel-based spreadsheet template designed to help companies forecast short- and long-term cash flows.
Business Development Bank of Canada (BDC) has introduced a free cash flow management tool for entrepreneurs and financial managers. The tool is designed as an Excel template that enables users to map out money coming in and going out of their business over specified periods, ranging from 13 weeks to one year.
The spreadsheet allows companies to track short-term liquidity needs and anticipate long-term financial trends. By centralizing cash flow data, managers and risk officers can identify potential gaps in funding or periods of high cash requirements, assisting in day-to-day operational planning.
The release is part of a broader suite of financial management resources provided by the bank. BDC specifies that the tool is intended for general business use, and users remain responsible for the accuracy and financial outcomes associated with the data generated by the template.