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Risk Mitigation: Forecasting helps businesses identify and mitigate financial risks associated with cash flow volatility, market fluctuations, and economic uncertainties. By having a clear understanding of their future cash position, businesses can implement riskmanagement strategies to protect against potential adverse events.
Here, we discuss how factors like market uncertainty and IT dependence impact finance teams throughout EMEA. The State of Finance in EMEA Finance teams worldwide have been deeply impacted by market uncertainty. In a market defined by uncertainty, automation helps to bridge efficiency gaps. Request a demo today.
Operating in the VUCA world means embracing the uncertainty and risks involved in business operations. Therefore, there are a few KPIs to measure the risks the business faces. Understanding and implementing these KPIs enables proactive decision-making, riskmanagement, and long-term success.
Without the ability to quickly assess these potential changes, businesses risk being caught off guard and struggling to adapt. EPM solutions help finance teams navigate this uncertainty by allowing them to run scenario and what-if analyses.
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