Hi All,
The behaviour I see over and over:
Businesses become cautious and start trimming exactly the things they later complain they are missing. Often these areas or projects are at early stages and less understood at senior management levels. To defend and justify investments which do not yield immediate return but are critical for future success of business requires extra effort in defending it. Not everyone is ready to put this effort nowadays.
First, it's new tools. Then it's existing systems improvements. Last, it's data quality.
Then six months later someone asks why decisions are slower, risk is harder to see, and teams are stretched. Cost control matters. Of course it does. But a myopic budget can do as much damage as a reckless one.
So I'm interested in where other finance leaders draw the line.
Which areas would you protect even under pressure, because cutting it would create bigger problems later?
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Tautvydas Cerkauskas
Procurement Controller
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