Feedback loop

1. Risk management - risk reporting.

A risk reporting procedure designed to adapt policy and refine procedures as appropriate, following review of the results of earlier risk management activities.

2. Other reporting structures and procedures - cash management.

Similar structures in other contexts, for example cash forecasting and cash management.

Measure cash forecast accuracy and feed back

"The most important - and often overlooked - step is the measurement of [cash] forecast accuracy...

Equally important is implementing a feedback loop - to systems and to people - that ensures forecast data is improved based on variances that were identified.

The feedback loop is especially important when non-treasury resources are contributing to the forecast to ensure that the right behaviours and cash-forecast numbers are positively reinforced while opportunities for improvement are well communicated."

The Treasurer magazine, August 2019, p25 - Bob Stark, Vice president Strategy at Kyriba.

See also

• 360 degree feedback
• Cash forecasting
• Cash management
• Feedforward
• Risk management
• Risk reporting