2023 was a roller coaster for finance professionals, and with a potential recession looming, the storms don’t look to calm down anytime soon. This means annual budget planning takes on an added importance as they look ahead to 2024.
Melissa Howatson and Tom Seegmiller discuss the issues that should be top of mind for CFOs and reinforce the importance of scenario planning. Harjot Ghai, Co-Founder and Chief Operating Officer of Delbridge Solutions, Inc., shares his best practices for planning ahead in uncertain times.
Harjot, with his extensive experience and acute understanding of financial planning, highlights the imperative of staying agile and responsive to rapidly changing economic conditions. This involves crafting budgets that are not only robust but also adaptable to accommodate the inevitable shifts in the market dynamics.