CEO’s Playbook for the New Year
Time to say Thank You for the 2021.
Here are a few ideas how to get prepared for the New Year.
“I was forced to be an artist and a CEO from the beginning, so I was forced to be like a businessman because when I was trying to get a record deal, it was so hard to get a record deal on my own that it was either give up or create my own company.”
Inflation, profitability and funding costs
Never before have reference rates been so low for so long. Millennials confront high inflation for the first time. Inflation is the top change in 2022. Higher raw material prices are affecting the margins, profitability & money flow.
On the positive side, an increase in the standard of living as flexible work and new employment models go mainstream, and wages are rising. Companies are discovering that paying people more does not reduce profits.
Higher interest rates are increasing funding costs in invoice finance, factoring & bank loans, making money flow management more important than earlier.
“A goal is just a dream with a deadline.”
Save time (and money) with automation.
In today’s post-C19 world, where the current bout of inflation came on suddenly, CEOs rely increasingly on data to guide important daily business and money flow decisions.
Machine learning, combined with banking and invoicing data, enables instant results after 8 min to take in use. It can turn your hours into seconds.
We think that today’s CEOs want an experience where a software can not only predict, but save time by providing automatic insights and notifications based on the data. Using machine learning, riskrate can automate the ‘busy work’ of managing money flow and actually help your overall financial well-being.
“I’m Not A Businessman, I’m A Business, Man.”
Consider a simple natural hedging.
If you’re selling in the non-euro countries, like US or Sweden, it may be good to start following headlines about Fed and Riksbanken: the expectations about interest rates can create volatility on the FX markets. and affecting on your money flow. It may be a good idea to consider natural hedges: do your spendings on the same currency as sales.
We wish You a Prosperous 2022
— team riskrate
Päivi is the CEO and co-Founder of riskrate. Get accurate insights on how your customer buys and pays, how you spend your money, and predict how the future cash flow looks like.
Start using riskrate is free of charge. No manual work, no hidden costs, no set up fees, no integration project. We think that knowing future money flow should be a basic right for every company.