SaaS companies fail to survive recessions for all kinds of reasons. It’s tough out there, even during good times. But as a SaaS CFO, you should view it as your responsibility to do everything you can to ensure that your company survives during bad times and thrives despite them.
Recession-proofing your SaaS finance tech stack before a recession hits—or worsens—is one of the best moves you can make for your company. If you follow these steps, you can remain calm and confident even during a recession.
Automate your finance tech stack
CFOs who’ve gotten complacent and allowed manual processes to creep into their departments will have a challenging time quickly pivoting to automation if a downturn strikes
Even if broader financial conditions look rosy and you think you have all the time in the world, don’t wait to automate your SaaS finance tech stack. Automation is tremendously powerful, but it’s not magic: It takes a little time to implement and acclimate to it.
This article is posted at sage.com
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