The past few years have created increased anxiety around navigating the uncertainty of what a new year may bring, and 2023 is no exception. From inflation and cashflow concerns to energy crises and green spending decisions, this next year could make or break many organisations. Find out all you need to know about navigating the new year, and in particular, how the latest Cloud technology could future-proof your organisation in 2023.

Price rises and energy crises

The lack of commercial energy price caps has caused many organisations to face difficult business decisions – decisions that are frequently made with information provided by finance teams. Presenting this information accurately, using real-time, relevant financial data, could mean the difference between making excellent, or totally detrimental, organisational decisions. The right technological tools, such as ‘Designed for Cloud’ accounting solutions, can provide these vital capabilities that will transform finance departments and drive resilient growth within organisations in 2023 and beyond.

Sustainable decision-making

Finding alternatives to fossil fuels and committing to net zero is essential, not only to navigating global market price fluctuations but also addressing climate change head-on. Although it may seem impossible for finance teams to affect these large sustainability issues, small changes can amount to having a big impact on the social and ecological journey of an organisation. Upgrading your finance system with powerful reporting tools, in order to provide financial evidence to support sustainable organisational changes, could be the catalyst for greener decision-making within organisations in the years to come.

Tackling economic uncertainty

Feeling the increasing pressure of inflation and with a potential recession looming, organisations are right to feel concerned about the future, especially as these issues could have severe implications for their cash flow and overall financial stability. For this reason, finance teams will need to enhance their management and monitoring of every aspect of their organisation’s accounts, in order to sidestep unnecessary spending or unexpected costs. This is where the latest Cloud technology could, once again, support organisations in the new year. In particular, finance, accounting and ERP solutions that are ‘Designed for the Cloud’ offer organisations the benefit of real-time data, powerful reporting, SmartAI and automation that can transform the effectiveness of finance departments, and enhance their ability to support their organisation through economic unpredictability.

To find out more about the benefits of Aqilla’s ‘Designed for Cloud’ ERP and Accounting Software, and how it could support your organisation’s finance department, reach out to one of our dedicated advisers today via telephone: +44 (0)20 8798 0616 or complete our form below.

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