Majority of Singapore C-suite and F&A professionals lack confidence in their cash flow visibility

Nurdianah Md Nur
Nurdianah Md Nur11/16/2022 03:31 PM GMT+08  • 3 min read
Majority of Singapore C-suite and F&A professionals lack confidence in their cash flow visibility
The lack of visibility over cash flow makes Singapore respondents less confident that their organisation can remain competitive in the next 12 months, according to BlackLine's study. Photo: Unsplash
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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.

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