11 Aug 2020
As businesses look to recover under the looming shadow of a potential second wave of coronavirus (Covid-19),
Businesses find themselves at an uncertain crossroads. While the lockdown is easing and business is gradually picking up, there is also the possibility of a second wave of COVID-19, which could potentially force them to close down again.
Cashflow planning has become the most important focus for businesses over the past few months and remains a top priority. Clients are more aware of the dangers and importance of good cash flow management, but they’re also in a potentially more precarious position than they were before. You should be doing several things to make sure you are prepared:
· Scenario planning
· Review of spending
· Use of technology
· Tightening credit control