Safeguard Your Financial Position
Managing cash and expenses now will pay dividends as businesses emerge from the pandemic. Likewise, engaging in financial scenario planning and stress testing will help ensure your organization is prepared for the post-pandemic economy.
Read on for what to consider today & tomorrow.
Conducting scenario planning will help prepare organizations for the “what-ifs” and enable them to take the right steps now to protect from big losses later. Some questions to ask in assessing your revenue risk include:
- How much cash on hand do we have?
- Do we have access to credit or capital?
- How much discretionary spending can we reduce?
- Are we at risk for changes in payment terms with suppliers and vendors?
- Have we adjusted working capital for priority activities?
- Where are we at the most risk for negative revenue impact with existing customers?
Plan for short and long-term revenue impacts – good and bad.
- Use scenario planning to establish go-forward options based on modeled revenue impacts.
- Be well prepared with detailed plans on organizational, product and service, and operational structures, and be ready to execute.
- Establish a pattern of communications that provides the right audiences with appropriate transparency into revenue outlook (employees, board, investors, customers).
How Canton & Company Can Help
Our leaders offer expertise in financial modeling, strategic planning, operational and organizational design, and communications. We welcome the opportunity to support your business continuity and growth plans.
Chief Marketing Officer
Paula Infeld, MSN, RN
Vice President, Value Transformation and Chief Compliance Officer
Dennis Tkach, PhD
Chief Consulting and Research Officer
Principal, Human Capital and People Operations