Most business leaders can spot external threats easily, but the most dangerous risks often emerge from within their own operations. While you're focused on market competition, your business systems might be quietly draining hundreds of thousands of pounds annually through subtle warning signs that seem like normal "growing pains." From month-end closes stretching beyond five days to unexpected cash flow crunches, these operational hiccups actually signal critical system failures that cap growth and erode competitive advantage. The businesses that recognise these five warning signs before they escalate will gain market advantages, whilst those that dismiss them may struggle against more efficient rivals.

As we say farewell to the first month of 2024, the vast role of a Chief Financial Officer (CFO) continues to evolve rapidly, influenced by technological advancements, regulatory changes, and global economic shifts. At 3EN Group, a trusted leader in NetSuite cloud-based Financial Management solutions, we recognise the critical importance of staying ahead of the curve in the dynamic world of financial management.

Read more about NetSuite’s Cash 360 App, and how it can help your business with Cash Management and forecasting.