Cash is king and credit is crucial: Managing cash flow in a crisis

Managing cash flow in a crisis requires decisive action, especially as businesses face unprecedented challenges from COVID-19. Effective liquidity management, scenario planning and cash flow modeling are critical COVID-19 business strategies to safeguard solvency and prepare for uncertainty. By anticipating cash flow needs, prioritizing customer relationships and stabilizing operations, companies can navigate evolving conditions with greater confidence. Leveraging tools designed for these tasks ensure businesses can adapt swiftly and maintain resilience in today’s volatile economic landscape.