Requesting payment of overdue accounts in a crisis
Requesting payment of overdue accounts in a crisis

Cash has always been king, but it’s more important to your business now than ever. Follow our strategies to ensure you continue getting paid in these uncertain times: 1. Continue to enforce your Terms of Trade, however, your approach must change.Don’t adjust your expectation to receive what you are owed, but tread carefully with your …

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How to keep your business running during an emergency
How to keep your business running during an emergency

‘Business continuity’ is the process of planning out how your company can continue trading – when disaster hits. In essence, it’s your Plan B for how to set up a means of trading, when you don’t have access to your usual offices, workspaces or equipment. Right now businesses are having to put ‘Plan B’ into …

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The value of cashflow forecasting during a crisis
The value of cashflow forecasting during a crisis

During the ongoing coronavirus crisis, many sectors are seeing income either disappear completely or drop to dangerous levels. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard …

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