The Kansas Department of Transportation Builds a Transparent and Nimble Cash Flow Forecasting System
This article describes how the Kansas Department of Transportation implemented a modern cash flow forecasting system with Vanguard Software. KDOT moved from a weeks-long, difficult forecasting process to forecasts that update automatically on a daily basis.
- What compelled KDOT to rethink their forecasting process,
- How they selected a vendor,
- The development process,
- What went into creating the payout curve model, and
- How they addressed the need for cultural change.