Inflation, rising interest rates and geopolitical uncertainty remain key threats to businesses as recent global events, such as the collapse of Silicon Valley Bank and the emergency buyout of Credit Suisse by UBS, indicate that decades of relaxed monetary policy and poor risk management have left some companies over-exposed and over-leveraged.
These recent events are a signal for company executives, finance teams and credit managers to make strong cash flow a priority. And while managing a company’s financial risk and boosting cash flow in an unstable global economy can feel like an insurmountable task, it also serves an important lesson. Take steps now to improve the systems and processes that can boost cash flow across your business and you’ll have a competitive edge in a particularly challenging market.