Insight

COVID-19 and the CFO: Cash management challenges

CFOs have multiple levers for freeing up cash—but will have to act quickly

Ron Walker

Ron Walker

Finance Transformation Service Network Lead, KPMG US

+1 858-750-7057

Sanjay Sehgal

Sanjay Sehgal

Principal, Finance Transformation, KPMG US

+1 216-875-8113

Ralph Canter

Ralph Canter

Managing Director, Finance Transformation, KPMG US

314-409-5275

Amid the economic disruption created by COVID-19, ensuring management of cash sources and uses in the most optimal manner is becoming a critical issue for some businesses. The good news is that tools for responding to this cash challenge are much better than they were a decade ago.

It will take smart, decisive action on the part of CFOs and their partners in the business to ensure their organizations can manage their cash needs during COVID-19. CFOs must act quickly to improve cash visibility across every layer of the enterprise and ensure their organizations have optimal cash management processes in place to ride out events whose time horizon cannot be predicted with certainty.

COVID-19 and the CFO: Cash management challenges
It will take smart, decisive action on the part of CFOs to ensure their organizations can manage their cash needs during COVID-19. Discover the key first steps to respond to this challenge.