The COVID-19 crisis has companies scrambling to prepare for whatever scenarios may arise in the coming weeks and months. If you find your business facing immediate cash flow and liquidity issues resulting from the COVID-19 crisis, following a clear concise plan can help you manage your way through.
In every business, all departments are working full steam to stabilize the business; to understand the consequences; and, to prepare for an economic downturn. Playing a central role, the Finance and Treasury function should be monitoring and actively steering a company’s cash and liquidity situation to prepare for potential challenges.
If your business is facing immediate cash flow and liquidity issues resulting from the coronavirus crisis, following a clear, concise plan can help safeguard the future of your business. There are fundamental actions you can take – based on our experience working with several of your peers – to build resilience in this volatile time.