Finance and Accounting (F&A) have a reputation for remaining calm and pragmatic in a crisis. Most F&A professionals have worked through at least one recession and numerous peaks and troughs in company business cycles.
Still, few will have experienced the bigger economic, business, and geo-political challenges we are experiencing today.
The invasion of Ukraine has caused a sharp rise in energy prices and double-digit inflation, which in turn has created a cost-of-living crisis. Central banks have begun to raise interest rates to counter inflation, which is at a 40-year high. Around the world, governments are under pressure to alleviate soaring prices—including by increasing welfare payments and capping rising energy costs. There are fears of social unrest if governments do not take bold action.
The impact on businesses could be just as profound. There are fears that rising prices and a possible recession could tip many into bankruptcy. What does all of this mean for F&A departments and their employees? How can they help steer their companies through the most difficult of economic times? Can technology help?
To find out, we commissioned Censuswide, an independent research consultancy, to survey 1,483 C-suite executives and F&A professionals in medium-sized and large organizations in the United States, Canada, the UK, France, Germany, Australia, and Singapore.
Click on the link and download your copy of the BlackLine report.
