While having control over costs, cash flow, and compliance is important for businesses during typical times, it’s even more critical when trying to maintain business continuity during challenging periods. But is the idea of “typical” times, in fact, outdated? In today’s global business world, challenges abound and circumstances can change quickly.
Reacting to such challenges, while keeping the business running smoothly, requires organisation-wide agility, flexibility, and collaboration. Employees must be willing and able to shift gears to accomplish whatever needs to be done. You need intelligent finance systems: your data must be accessible, trustworthy, and as near to real-time as possible to enable better decision-making. And while finance teams will do what they can to keep company travel and expense costs in check, organisations will also need the proper technology and tools to avoid user mistakes, non-compliant spend, and occasional fraud that increase costs and drag down the bottom line.