Additionally, many companies perform their forecasts at such an aggregated level that it may affect the ability to understand the liquidity impact of nuanced behaviors that customers and vendors exhibit during these events. This shift has-for better or worse-thrown organizations’ current forecasting and scenario modeling capabilities into the spotlight and, with cash top of mind, has exposed many organizations’ lack of attention to cash flow forecasting. In response to the COVID-19 crisis, many CFOs have shifted focus from long-term P&L and growth planning to more immediate business continuity risks and cash positions.
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