Businesses can experience unexpected cash shortfalls even in the best of times, which is why cash management is always a top concern among financial leaders. Inflation, supply chain snags and labor issues increase the risk of a cash shortfall, especially if a business can’t pass higher costs on to its customers. Throw in ineffective processes, inadequate controls and inaccurate information, and managing cash gets even more difficult – causing otherwise successful companies to struggle. 

However, these issues are manageable with strong leadership from CFOs and technology to back them up.