While having control over costs, cash flow, and compliance is important for businesses during typical times, it’s even more critical when trying to maintain business continuity during challenging periods. Reacting to challenges while keeping the business running smoothly requires organization-wide agility, flexibility, and collaboration. Employees must be willing and able to shift gears to accomplish whatever needs to be done. Organizations need intelligent finance systems to access trustworthy data as near to real-time as possible to enable better decisions. And, while finance teams will do what they can to keep company travel and expense costs in check, organizations will also need the proper technology and tools to avoid user-mistakes, non-compliant spend, and occasional fraud that increases costs and drags down the bottom line.
Whether new conditions are prosperous, uncertain, risky or somewhere in between, there are 3 key capabilities that all businesses need for business continuity:
1. Cost control
2. Visibility into spending
3. Efficient and productive teams
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