Facing a challenging economic year, businesses across all sectors are facing significant pressures. With inflation placing upward pressure on salaries and downward pressure on consumer and business customer spending, finance teams everywhere are making difficult decisions to ensure the near-term continuity of their businesses.
While dramatic interventions might capture headlines, economic challenges are never just a single moment in time: lay-offs are nobody’s first choice, and as the market situation develops, businesses will be looking to identify a broader range of levers they can pull to find greater financial resilience. It’s a business imperative that organisations must scrutinise IT spending and consider where to optimise resources without impacting business operations.
This approach will provide an ever-green solution which can respond to both today’s pressures and tomorrow’s operational needs ensuring companies remain relevant and competitive.