%0 Journal Article
%T Invoicing and Financial Forecasting of Time and Amount of Corresponding Cash Inflow
%A Dragan Simi£¿
%A Svetlana Simi£¿
%A Vasa Svir£¿evi£¿
%J International Scientific Journal of Management Information Systems
%D 2011
%I University of Novi Sad
%X Cash is the centre of all financial decisions. It is used as basis for the future investment projections and enterprises' financial plans. A concept of intelligent system for financial forecasting, the dynamic of issuing invoices and receiving corresponding cash inflow for fair exhibitions is presented in this article. This intelligent system is based on artificial intelligent method case-based reasoning (CBR) where the previous experience for new forecasting is taken into account. This research is a discussion about the problem of invoice curve and the corresponding cash inflow curve at the moment of the fair exhibition. The invoice curve reaches its saturation point, while the cash inflow curve is still far away from the saturation point. The solution to this problem is the saturation point for the cash inflow curve. Therefore managers want to know how high the cash inflow of some services would at a certain point of time in the future, with respect to invoicing. If they could predict reliably enough what would happen in the future, they could plan important business activities to ensure faster invoiced income and future activities. Methodological aspects have been tested, in practice, as a part of the management information system development project for Novi Sad Fair company.
%K financial forecasting
%K invoice
%K cash inflow
%K case-based reasoning
%K decision support
%U http://www.ef.uns.ac.rs/mis/archive-pdf/2011%20-%20No3/MIS2011_3_3.pdf