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The sudden spike in the Covid-19 cases, followed by the restrictions and lockdowns, has massively impacted every business and the Indian economy. Companies are reeling under challenging situations due to supply chain disruptions and social distancing norms in place for an unexpectedly long time. During such unprecedented times, it is critical to keep track of the company’s cash flow, which is the mainstay for any business. To do so, the CFOs need to focus on…

Accounts Receivable (AR) Management is the foundation of a consistent and solid cash flow, keeping business in a situation to drive growth, work better, and increase productivity. In the new COVID economy, it has become evident that some AR measures are obsolete, being intensely dependent on paper and manual processes that restricted cash flow and scalability in such challenging times. As such, AR automation has become a cornerstone to ensure agile and resilient operations.  The…

Companies can be affluent by playing in fewer industries, venturing fewer geographical markets, and having simpler product portfolios than peer firms. Economic downturns are a common phenomenon these days and companies are compelled to make substantial changes to their cost structures.  Most companies these days have been experiencing a significant rate of growth in costs that is proving to be too difficult to maintain. With new economic and challenging factors emerging, CFOs must act fast…

Data empowerment can assist organisations in proactively applying positive pressure on all areas of the business. Read to know the impact of data on a CFO’s role.  The current market set-up demands every organisation to strategise and develop a trait for innovations as it has been a mainstay for businesses to maintain a strong foothold in the long run. Going beyond the confines of the finance department, a CFO is anticipated to help the company…

Optimising and streamlining business processes related to international trade is inevitable; global trade solutions (GTM) enable organisations to centralise their global trade operations. Read to know the difference they can bring to global trade. International trade involves a network of several suppliers across the borders with every process being a combination of a digital and manual process. With humongous trade data at stake, centralising it gives unparalleled visibility with control over orders and shipments, ensuring…

Global Trade Management (GTM) is gaining pace with digitisation and in the process has significantly increased the business opportunities, the following blog highlights the factors influencing it. The Indian economy has become global as economies around the world are increasingly expanding their businesses and services. An even more justifiable reason is the evolving new information technology and technology-based business models. Businesses can make their presence felt and grow their revenue by finding new avenues and…

Understanding the significance of digital transformation by CFOs is the key in the radical reshaping of companies. Today’s CFOs are under the scanner due to constant pressure being raised on the need to decide funding requests to prioritise how much to invest in digital transformation efforts. According to a report by IDC, between 2018 and 2021, companies worldwide will have collectively spent nearly $6 trillion on digital transformation initiatives. The numbers are staggering and indicate…

Cloud computing is still a gamechanger for CFOs despite the myths and objections, read to know how the technology in spite of its great potentiality, is yet to be explored completely. The shift to cloud computing ecosystem was predicted long back with the advent of high-speed internet and uninterrupted connectivity. Over a period of time, as the presence of digitisation grew almost every corporate deployed cloud as part of their enterprise strategy. As such, a…

Applying digital technologies to finance processes will create more efficiencies, insights, and value over the long term. An emerging concept in many organisations is digital finance. Today, CFOs are yet to completely join hands in digital-transformation efforts, even though they own and manage much of the relevant business information that feeds such initiatives. CEOs and boards want CFOs and the finance function to provide real-time, data-enabled decision support. The onset of innovative technologies plus a…

In today’s volatile environment, having a risk management process in place is crucial. As the custodian of a company’s financial health, CFOs play an important role in combining strategy with risk management. Here we take a look at how the finance leadership of a company can address the business’s strategic risk management process. In today’s uncertain environment, having a risk management process to identify, assess and respond accurately to risk is imperative. However, the nature…