Finance & Accounting (F&A) professionals are once again caught in the eye of the storm. Being the designated financial guardians, they play a critical role in helping their organisations navigate through an unpredictable economic climate from a profit and revenue standpoint. They are also best positioned to help companies understand their financial health, especially when it comes to working capital and cash flow.
“Challenging” is probably an understatement to describe how 2022 went for many organisations.
While many have likely experienced at least one recession in their history, few have had to go through the whole gamut of what 2022 brought. Geopolitical tensions, inflation, supply chain disruptions and steep interest rates have caused many organisations to adapt and relook into how they can best respond to these headwinds. What’s more, talks of a possible further economic decline are causing existing recessionary fears to spill into 2023.
