Also create an information management system that integrates all processes and people, supports the analysis of financial data and allows the strengthening of current and potential sources of revenue in times of crisis.
Financial actions must be energetic, as this is the sector that most compromises the survival of companies in times of crisis. Some of the most important actions, which must be part of a critical analysis of the business’s potential for survival in the short and long term, include:
Renegotiation of debts and long-term financial commitments
search for low-interest credit opportunities, such as financing lines offered by government agencies;
strengthening strategic partnerships with suppliers;
outsourcing of activities and processes that are not part of the core business;
reassessment of service provision contracts;
closing idle departments and reallocating people to sectors with increased demand;
adoption of management germany email list tools (ERPs — Enterprise Resource Planning), project management and communication;
search for alternative forms of billing, in accordance with new market demands;
analysis of promotions and adoption of short-term billing strategies (to increase working capital, even if this means reducing profitability);
Diversification and expansion of payment models and sales installments
Take action to promote people’s physical and mental well-being
According to a survey by afb directory Deloitte , 82% of companies recognize the importance of adopting flexible work routines in pandemic contexts, but this is a trend that promises to remain even after the Covid-19 pandemic is under control.
This is because a has a gross profit of 7%, and a net remote work allows the hiring of talent outside the local scope, which can enhance the quality and level of specialization of the professionals that make up the work team, increase overall productivity and ensure greater employee satisfaction.
However, for this flexibility to be viable, it is necessary to adopt technology, maintain the digitalization of processes and ensure forms of performance analysis, through the adoption of KPIs (Key Performance Indicator), for example.