A key responsibility of every CFO’s role is forecasting cash position. Not only is this necessary to report to shareholders, but it’s also essential to building financial resilience for the long-term. To give an ongoing example, the recent global uncertainty has shown that understanding your working capital access is crucial to your ability to cope with disruption. But short of investing in a pack of tarot cards, how can CFOs accurately predict what’s next? The truth is—they already have a trick up their sleeves, although they might not know it. Traditionally back-office functions such as AR now wield more power than ever before, potentially serving as a central element of business strategy. Even better, there’s no doubt that the next generation of AR automation is raising the bar of performance and showing that breathing life into existing functions can reap many rewards, with financial resilience being just one of them. Like not spending all your savings on lotto tickets, automating AR is a no-brainer. With it, CFOs can actively put themselves in prime position to prepare for the future and tackle whatever lies ahead.

Join for free to read