3 Key Learnings CFOs Should Keep Front and Centre for 2023

CFOs and finance departments will follow a delicate balancing act to build and execute a 2023 plan that strategically prioritises growth and ensures cash flow. How do you decide how to allocate capital? How much should you continue to invest in fighting the war on talent? Reluctantly, most management teams cannot afford to be as aggressive in their business expansion plans as they might have been a year ago.

There is no finance and accounting playbook, no set of proven tactics to guide the decision-making process in prolonged periods of market volatility such as this. CFOs threw those playbooks away three years ago. Instead, they need to approach 2023 armed and equipped with strategic insights gleaned through first-hand experience in this past year.

While much will depend on remaining nimble to prepare for several possible economic scenarios, a few priorities should already be top of mind for CFOs as they begin the forecasting and budgeting process for 2023. Here are the top three key learnings from 2022 that CFOs should keep front and centre as they plan for another challenging year ahead.

Read the full article at Forbes here.