MTD and Brexit are just two of the changes that will create plenty of challenges that companies will need to overcome in the next few months.

With that in mind, let’s take a look at the strategies that you can adopt in order to embrace both the opportunities and obstacles facing your finance department this year.

Review your contingency plans

Brexit poses threats such as disruptions to the supply chain, the falling value of the pound and the loss of European trade. CFOs should address all these possibilities and ensure that their companies’ contingency plans are in good shape.

In the face of uncertainty, it makes good sense to have a plan B, so make sure your company is prepared for a worst-case scenario.