Improve Working Capital Management Working capital is the lifeblood of your company. The excess of current assets over current liabilities, it has the power to create or destroy value. Three key components of working capital are inventory, accounts payable, and accounts receivable. By reducing the cash conversion cycle – a key metric monitoring the length
Global trade and supply chains are going through a massive shock. Because COVID-19 has led to lockdowns, suppliers in the chain are temporarily ceasing production, and logistic providers can no longer transport goods as seamlessly, particularly across borders. As the situation changes daily, it’s critical that you work closely with your suppliers to help your
Optimize Your Cash Reserves Right now, your top priority as a business owner is to optimize cash reserves as the magnitude and duration of the COVID-19 crisis remain unclear. Your assumptions about customers, sales cycles, revenue, cash flow, and cash runway are no longer true. Below are ten actions that you can take now to
