In today's business environment, change can happen fast. From new competitors that seem to appear overnight to global circumstances that affect companies worldwide to a surprise increase in sales demand, it can be difficult to manage change without flexibility and cash-flow control.
To stay resilient through unexpected circumstances, visibility into costs and control over how your business's funds are spent are imperative to create the operational agility needed for business continuity. Without visibility and the tools to act, it's difficult to know where to best direct funds to stabilise and thrive in these new circumstances. At the same time, while your teams focus on necessary high-priority tasks, the door may be left open to more mistakes, noncompliant spend, and more fraud than usual.
Fortunately, intelligent finance technology can help your teams keep an eye on spend, find ways to tighten the purse strings, and best direct cash flow, allowing you to create a more agile and resilient enterprise.
Here are seven ways to make it happen.