In current times of economic uncertainties, it is essential to secure that measures are taken to establish a good liquidity and stability in the organization. By focusing on quickly reducing working capital, improving cash flow and reviewing the cost-structure through a cash race you can minimize the losses caused by the Coronavirus.
How can you tell if a cash race initiative should be on your agenda? Ask yourself the following questions:
- Do you have a clear and transparent cash flow prognosis?
- Have you developed scenarios to adapt your daily business according to?
- Do you experience that your business has required processes in place?