2024 Business Outlook Report: Insight Drives Success

Actions to consider

• Lean on financial resources.

The survey reveals that increased reliance on the right financial tools improves business outcomes, including faster growth and better financial management. Consider financial management tools that can improve your ability to manage cash flow, quickly collect money that’s owed, time payments, and protect company and customer data.

• Consolidate your applications and tools.

Businesses anticipating the most rapid expansion in 2024 are consolidating applications and tools from a variety of vendors so that they are integrated into one platform. Consolidating financial applications and tools makes it easier to have a complete view of your company’s financial situation and leads to more informed business decisions.

Better decision-making, a good sense of cash flow, increased profitability, and control of payment timing are just some of the benefits that survey respondents say they gain from expert counsel. The data shows that the most successful businesses actively seek advice from business bankers, attorneys and CPAs, regularly and frequently. The guidance they receive from these experts helps them gather insight, secure resources, and make decisions to reach their business objectives.