Your CFO’s best friend during budget cuts
CFOs are, understandably, making budget cuts across the board right now.
As the economic downturn following COVID-19 takes its toll on the market and on individual consumers, credit union and community bank leaders are looking for anywhere they can cut spending.
But the question is: how do you know what to cut?
Like a medical operation gone wrong, certain budget cuts might help temporary needs but cause serious long-term damage.
This is a recipe for stress and disaster.
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