That gives them a working capital advantage.”embracing new technology is a prime way to weather . Ups and downs.“in an environment like this, the push to modernize payments and find new . Ways to optimize money flow is magnified because cfos are asking themselves: ‘how do we . Stay relevant and cut costs — or even turn a cost center into a revenue .
Edwards Said Comparing Today’s Uncertainty to Covidperhaps
Center?’” edwards said.Comparing today’s uncertainty to covidperhaps no benchmark stands out for abrupt disruption and . Uncertainty more than enterprise network coverage: everything you need to connect teams and processes the covid- pandemic. Although some parallels exist, such as sudden-almost-overnight supply chain . Backups, macroeconomic tremors, uncertainty about when there could be more certainty and sudden regulatory shifts, . Leavitt and edwards agreed this latest round of turmoil is not a repeat of those .
Old Days ”where Covid Locked Down Entire
“bad old days.”where covid locked down entire economies overnight, today’s environment involves incremental changes in . Cross-border tariffs, new regulations and the specter of a potential economic slowdown.“the pandemic turned out . To be a it projects outsourcing: complete guide boom for the consumer side of the economy — money was flowing . we had parts of our business that skyrocketed because people needed .
To Move Digitally Immediately Now the
Money to move digitally, immediately. Now the worry is an actual reduction in overall demand . If consumers and businesses get spooked. That’s a different issue.”yet both leaders said the pandemic . Taught businesses to be “scrappy,” as webster put it. Those that pivoted to digital solutions . And embraced new ways of moving money emerged caseno data leaner and more capable of handling the .
Big Upset That Culture Shift Remains
Next big upset. That culture shift remains a source of optimism.“if anything, this environment is . Shining a big bright light on the need to keep investing in modernization,” edwards said. . “companies that do so are going to be in a better position than their competitors . When the dust settles.”reason for optimismin a world where headlines warn of rising tariffs, cross-border .