Cash forecasting products are in hot demand, and the latest offering from Selkirk Financial Technologies Inc. brings a new level of flexibility to its traditional treasury workstation line. The product, Forecast Analytics, is designed as an add-on tool for a Selkirk workstation. However, a user can quickly access the forecasting tool with a PC without having to operate the workstation itself–a feature that Tom Morrison, vice president of products at Selkirk, notes is an attractive alternative for busy treasurers and CFOs. "It's a simple, straightforward tool that sits outside the workstation and puts the power in the decision makers' hands," says Morrison.

Forecast Analytics is meant to be easy to use for identifying trends and troubleshooting for inconsistencies in forecast models in areas of cash, short-term investments and debt. It can also allow an executive to create a best- and worst-case forecast at the start of a year and then monitor the company's progress relative to that scenario throughout the year.