Businesses across the world expect economic improvements to kick-in in 2022. Social constraints may remain high but businesses have learned to adapt and are optimistic about the future. As we continue to navigate through the pandemic, businesses must move away from survival planning and plan for growth.
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Under the new normal, agile finance will initiate focus on action over research, and testing over analysis. This startup mentality, when coupled with acceleration of analytics, will allow companies to turn on a dime and tackle new challenges however difficult they may appear to be.
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To operate financial liquidity within defined boundaries of financial stress, cash visibility must be real time, consistent and realistic. Business owners need to have a three-window scenario for cash levels – business as usual, emerging stress and survival cash.
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