Businesses in immediate cash crisis caused by the impacts of COVID-19 are taking steps to preserve cash balances by restricting payments to only the most business-critical vendors as contingency plans are mobilised.
Managing treasury and financial market risk has never been as important as it is now, with growing uncertainty in relation to cash flow and liquidity positions. Pro-active and sound treasury and finance risk management over foreign exchange, interest rate and commodity exposures is paramount to protect cash flows, manage liquidity positions and provide boards and senior executives with confidence in decision-making.
Organisations should consider:
KPMG provides commentary on the mid-year Economic and Fiscal outlook given by treasurer the Hon Josh Frydenberg announced on 17 December 2020.
KPMG provides commentary on the Economic and Fiscal outlook announced on 17 December 2020.