We live in a world that is constantly evolving to meet our growing expectations.

Innovation-driven technology, for example, has empowered finance teams to automate and quite literally forget about mundane finance tasks.

With the pandemic and lockdown, the Nigerian economy was brought to an all-time low. Some businesses are bearing the brunt of poor or zero patronage. Oil price per barrel, level of inflation, external debt, the purchasing power of the dollar, and the like are markers of the Nigerian economic situation.

Despite the gradual relaxing of the imposed lockdown, some businesses are struggling to pick up. Unemployment due to massive layoffs, inability to follow bank loan repayment plans, and others have placed a high level of imbalance.

This change is not limited to just our personal lives, but also the mode, sources and the way businesses manage their finances.

This short piece addresses strategic financial management with a focus on skills required, emerging trends in finance, sustainability, survival strategies, and risk management.

What are organizations doing to keep their corporate heads above water in these contemporary times?

What alternative sources of finance are available to businesses?

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