Strong enterprise resource planning (ERP) systems can help businesses prepare to survive an impending and potentially inevitable recession.
With many economists predicting an imminent recession and sluggish consumer spending, CFOs need to be prepared to weather the storm.
'We are headed into another change,' Sharon Bhalaru, partner at national accounting and consulting firm Armanino LLP, said in an interview with CFO Dive, noting that many companies are right now wrestling with a difficult period marked by volatility, uncertainty, complexity and ambiguity - the concept known as VUCA.
