5 Steps CFOs Can Take Right Now to Get Ahead of a Coronavirus Recession

March 18, 2020By Niki ParekhBlog, COVID-19

As global demand continues to drop for many goods and services, fears of a worldwide slowdown and a “coronavirus recession” loom large over corporate leaders. Chief Financial Officers (CFO’s) are scrambling to do sensitivity analyses to understand their profit outlooks and cash needs. Procurement and sourcing teams can play a significant role in reducing supplier spend and improving cash flow by using spend analysis to leverage data in the ERP, contract management, and procure-to-pay systems

Recession Warning Signs Are Flashing Red

August 19, 2019By Niki ParekhBlog, COVID-19

Procurement & finance teams and anyone with a 401k witnessed the extreme volatility of the stock market during the week of August 12th.  The financial markets are predicting a near term recession. The US-China Trade War is causing a global slowdown.  It is hitting Asia and Europe first. The US economy seems very strong right … Read More