Three out of five financial leaders expect their financial reporting to come under greater scrutiny during the next year as they brace for a potential economic downturn, according to a new study.
The study, conducted by accounting cloud software company BlackLine, surveyed 737 corporate executives and 746 finance and accounting professionals across seven countries.
According to the survey results, 62% of respondents said real-time visibility into cash flow is a “must-have” for their businesses during the coming year.
Nearly all respondents (98%) said they could be more confident in the visibility they currently have over cash flow. See more findings.