Solutions

Cash Flow Management in a Crisis

In the current situation, it is essential to protect employees, understand business risks, and manage supply chains affected by the measures taken in order to mitigate a further spread of the infection. Cash flow management will have to become an inseparable part of corporate strategic planning when taking into account the risks related to the spread of COVID-19.

What is worth considering?

  • Make sure that you have a framework in place to manage supply chain risks
  • Mobilize your internal systems and make decisions based on financial analysis
  • Ensure that your own funding remains viable
  • Think like a CFO across the whole organisation
  • Focus on the cash-to-cash conversion cycle
  • Consider alternatives for supply chain funding
  • Assess obligations and transactions together with suppliers
  • If possible, switch from fixed to variable costs
  • Check the scope of your insurance and the risks it covers
  • Think out-of-the-box, evaluate your decisions in a broader context

Maintain regular communication with your business partners and employees. We recommend that organisations evaluate potential risks in the supply chain and across customers and develop appropriate measures reacting to possible scenarios and further development of the situation.

Contact

Sabina Softić

Sabina Softić

Partner

Sabina is partnerin Audit & Assurance, and country leader of the Bosnia and Herzegovina Deloitte office. She is a certified accountant (ACCA), and locally certified accountant and authorized auditor w... More

Vedran Arnautović

Vedran Arnautović

Manager, Financial Advisory

  ... More