Steps for managing short term risks and longer term challenges

As the recovery takes shape, companies should continue to manage the short terms risks of liquidity and financing by insuring they have:
  • Developed and maintained a robust financial forecast
  • Identified key forecast risks and developed appropriate responses
  • Helped insure adequate sources of liquidity
  • Driven efficiency in working capital processes
  • Reviewed global cash tax position and minimization options
From a longer term perspective, since companies are likely to face several more quarters of a difficult economic environment, they should continue to focus on:
  • Aggressively managing costs
  • Exercising discipline in capital investments
  • Assessing and monitoring credit exposures
  • Aligning business objectives and talent priorities