October 29, 2010

What's keeping chief financial officers up at night as they look ahead to 2011? Apparently it's not the state of the economy, according to a TD Bank survey, but rather the challenge of managing cash flow that's causing anxiety among CFOs and other finance managers at mid-sized businesses across America.

Overall 69 percent of those surveyed by TD Bank said cash flow was their biggest worry looking ahead, with proper capital allocation and cash flow management as other top concerns. However, only seven percent of corporate finance managers said they were going to cut expenses for 2011, while 39 percent expect capital investments to increase, with much of that spending coming on new technology.

The survey, conducted in August for TD Bank by Environics Research, surveyed 100 CFOs, controllers, treasurers and other financial executives of companies with revenues between $100 million and $1 billion.