Wishesh Magazine August-2019 Wishesh Magazine August-2019 | Page 64

IN BUSINESS Indian Chief Executive Officers 64 Plan Increase Spend in 2019 Senior finance executives persist in being optimistic about the economy, the outlook for their companies and their investments for the future, according to the 2019 Global Business & Spending Outlook, a survey released by American Express and Institutional Investor Thought Leadership Studio. This optimism can be seen in their spending outlook with 83 percent Chief Financial Officers (CFOs) looking at a moderate to aggressive increase in spending and investment this year to support topline growth. A third (33 percent) of the CFOs surveyed expect their company’s spending and investment worldwide to change by 10 percent or more this year. working-capital management will be more important this year as compared to last. Nine out of ten (90 percent) of Indian CFOs be in the opinion that improving cash and The focus on efficiently managing bottom- line spending is evident in the increase from WWW.WISHESH.NET | AUGUST 2019 According to the survey, 67 percent Indian CFOs expect improved use of credit to yield a significant financial benefit, while 57 percent of Indian CFOs are likely to increase their investments in improving administrative process efficiency this year.