A recent report from PYMNTS Intelligence, based on a survey of 60 CFOs from US companies with annual revenues between $100 million and $1 billion, highlights current financial management challenges. While 58% of these firms saw revenue growth over the past 24 months, 62% of executives struggle with cash flow forecasting and scaling.
To address these complexities, CFOs are prioritizing clearer visibility into their cash positions. The study indicates that 62% of finance leaders believe their current back-office systems are at least mostly prepared for the next 24 months, yet only 12% report being fully ready for future demands.
Standardizing internal processes emerged as the most effective strategy for managing operational complexity, followed by the implementation of automation and data integration. The report suggests that simplifying the assembly and utilization of financial data is a critical step for companies planning their next phase of expansion.
