Disruptive challenges require hands-on, agile solutions, which support companies by providing access to immediate insights that help them to define and take appropriate actions. During challenging times companies need to take the following questions into account:
On short notice, fiscal and legal measures will have to be considered and applied to give the company the space and time to further deepen and improve their working capital position for the coming weeks and months (such as decreasing customer demand and disrupted supply chains).
As tomorrow’s disruption is surely already brewing, the business world should always be ready to adapt to constant change.
Working capital management is an important and powerful tool to prepare for and manage foreseen and unforeseen future events.
Preparing for any such changes requires clear knowledge of the current situation, including an accurate up-to-date view on the day-to-day and future expected cash and liquidity position, as well as every step of the cash-conversion-cycle: order-to-cash, forecast-to-fulfil, purchase-to-pay.
Which priority should you give to each step to know how much liquidity you have right now and how much you may make available in the short-, mid-, longer-term?
Companies need to have insights into their financial statements, including cash balances, credit lines, covenants and outstanding receivables, payables and inventory levels.
Disruptive challenges require hands-on, agile solutions, which support companies by providing access to immediate insights that help them to define and take appropriate actions.
Process mining is an approach which can automatically reconstruct the entire process (including sub-processes, tasks and events) to provide insights into the occurrence and location of process bottlenecks and inefficiencies.
The working capital analyzer is a dashboard tool which enables your company to analyze both the financial data (top-down approach via G/L transactions) and the operational data (bottom-up approach via invoice data) following the DAR methodology (dashboard, analyze, report). The main objective is to optimize the liquidity of a company to free up the necessary cash to survive the challenges of today.
The cash-flow forecaster is a tool which provides a company the opportunity to visualize the current and forecasted cash and liquidity position at any moment. The tool is combining (historical) financial and operational data retrieved automatically from the ERP system(s) and a set of predefined manual variables, which are tailored to the organization. These variables can be modified, giving the opportunity to predict the future outcomes of possible optimizations in the current way of working.
COVID-19 is disrupting the business world in such ways that companies are not only impacted today but will still feel the impact long afterwards. While some scenarios are impossible to predict, some companies have already proven that it is possible to be prepared for the worst, through working capital management, developing expertise, and having the right tools in place. Particularly important is to:
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