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Fewer than one in five CFOs feel that their company is properly organized to optimize its cash flow, according to recent Accenture Strategy research. This insight comes as pressures on businesses mount. They must find ways to reduce costs, improve competitiveness, and accelerate investments in automation technologies. They also must be agile enough to respond quickly to changes in the external environment.

Organizations that want to thrive in today’s markets need to be using their funds in ways that optimally support their business strategy, and they need to be prioritizing investments in strategic initiatives. The fact that many still don’t feel prepared to do so illustrates that now, more than ever, companies need to rethink their approach to corporate budgeting, spend, and cost reduction.

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