BUY WITH CONFIDENCE
DESCRIPTION
According to McKinsey, when the COVID-19 crisis began to affect companies worldwide, the preliminary response of CEOs and CFOs was all about survival: freeing up cash and resources to keep the lights on and the doors open. The liquidity crisis triggered by the sharp disruption in economic activities prompted organizations to rush toward cash and liquidity to keep operations going.
In a cash flow crisis, every cent counts. Organizations worldwide are currently faced with serious financial challenges. Cash flow management during a crisis is one of the key factors to an organizations' sustainability beyond a crisis and will have to become an inseparable part of corporate strategic planning.
This guide aims to enable organizations to stay prepared and manage risks as a result of the impact.
The Guide comprises of the following sections:
1. Resilience and its need in the current environment
2. Financial resilience and what it means
3. Implementation steps to consider to tackle a cash flow crisis
Appendices:
A: Organization current state assessment tool
B: Future proof your finances – Use cash flow planning for good strategic decisions (included is a simple 12-month cash flow forecast)
This guide recommends the steps that organizations can take to optimize cash flow management during a crisis and integrate the process for managing financial resilience into the organization's overall strategy.
The guide provides an operational review current state assessment in order to fully gauge where cash is being utilized and a monthly cash flow template to ensure effective cash flow management during a crisis.
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Source: Best Practices in Cash Flow Management, Business Resilience PowerPoint Slides: Cash Flow and Cost Reduction Guide PowerPoint (PPTX) Presentation, Corporate Finance 101
OVERVIEW
Corporate Finance 101 consists of ex EY and Grant Thornton consultants who have experience helping professionals across disciplines, with a focus on strategy consulting and transaction advisory.
These documents are prepared to help you increase the impact of your business communication and save you valuable time.
The documents are based upon techniques learned while working at multinational consultancy firms.
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