Recession proofing, revenue multiplying, and risk mitigating
A CFO pulse survey points to footprint and workforce rationalization, cost restructuring, and revised financial strategies as the current key imperatives of enterprises to cushion the adversity of an impending global recession. Businesses that were ill equipped to operate during the lockdowns are pondering over their pricing strategy to overcome their recent losses and improve their bottom line in the near future, as they face dwindling volumes. Enterprises are also on top of creating a strategic response with short-term and medium-term financial acumen, as a large amount of investments and relief packages are offered by various governments across countries. On the other hand, those institutions that are disbursing these huge relief funds are shouldering the tremendous responsibility of ensuring the integrity of such transactions.