Staying afloat amid the crisis: Guarding your cash position and managing your working capital

Executive summary

As COVID-19 is spreading out in different parts of the globe, there is vast uncertainty on its duration and severity of impact. Each day, more and more organizations face significant operational, financial, and liquidity challenges. Outcomes can be different from forecasts and companies may not be able to recover quickly.

Current circumstances require swift actions and effective solutions. It is important to get ahead and immediately develop mitigating actions to reduce regressive financial impact and manage cash pressures.

At PwC, we can support you in these critical scenarios by providing a clear visibility on your cash position and provide a platform for informed decisions on cash conservation activities.

We consider the following three key steps in stabilizing cash position: