About 80% of manufacturers expect that the pandemic will have a negative financial impact on their business, according to a survey of the National Association of Manufacturers (NAM). The collapse in demand is producing a significant cash slump throughout industries. While attempting to counter this intense pressure on working capital, finance leaders might resort to aggressive strategies to deal with their customers. Although this might feed the short-term cash forecasting goal, it will harm the company’s financial health in the long run.
Join us for this session where our speaker would facilitate the discussion around how finance, A/R, treasury, and credit leaders can work together to balance growth, profitability, and risk. During this session, we will discuss:
1. Global financial trends: Negative interest rates, demand-supply shock and the anticipated change in operations
2. Customer portfolio assessment and credit policy revision to balance credit risk and revenue growth
3. Safeguarding financials in the long run with a framework focused on proactive collections and customer satisfaction delivery