With recessionary fears on the rise, 57% of Singapore C-suite executives and finance and accounting (F&A) professionals surveyed for BlackLine’s recent survey are concerned that prospects or customers will have less income to spend, which could impact sales or revenue.
About half of them (51%) are also worried that their organisation will face higher costs, while 48% are concerned that they will need to look for new ways to optimise working capital without borrowing funds.
Consequently, 61% of the Singapore respondents agree that understanding cash flow in real time will be more important for their company in the face of economic uncertainty. However, only 4% are completely confident in the visibility they currently have over cash flow.
