How to Create a Culture of Cash Flow Excellence
From changing markets to bank failures, mass adoption of new technologies, international wars, a pandemic, inflation, rising interest rates, and ongoing potential recession, it would seem that the new business normal is keeping pace with multiple “once-in-a-lifetime” events.
Today’s economic enviroment is marked by volatility, and businesses of all sizes must be agile and adaptable to nagivate these fluctuations. With a consistent pattern of uncertainty, it’s no wonder that companies are looking at their financial infastructure with a critical eye. Finance leaders, especially, are tasked with analyzing their inflows and outflows down to the last cent and comprehensively distilling that data to executives and the board. But now, their critical calculations are faced with additional new challenges:
- Steady Rising Costs
- Increasing Supply Chain Complexity
- Difficult Access to Financing
- Changing Compliance Requirements
- A More Competitive Landscape
- Demanding Customer Expectations
- Rapid Technological Advancements