Cash flow and not the economy is the top concern for chief financial officers heading into 2011, according to a survey from TD Bank.
Some 69 percent of CFOs and other corporate finance managers at midsized businesses said the challenge of managing cash flow worries them the most. Forty-one percent of those polled project that cash flow management will remain one of 2011s top financial management priorities.
However, despite their cash concerns, only 7 percent of corporate finance managers say they plan to slash expenses in 2011, while 39 percent of those surveyed expect their capital investments to increase next year.
Roughly 78 percent of those surveyed noted that the economic recovery might take up to two years to materialize and 46 percent opined that one of the surest signs of a lasting upturn will be falling unemployment rates.
The TD Bank survey was conducted by Environics Research, which surveyed 100 CFOs, controllers, treasurers and other financial executives.
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