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Six ways to get cash flowing during the pandemic

It has been five months since the government announced its initial steps to try to limit the economic impact of coronavirus, including the Coronavirus Job Retention Scheme and the various business interruption loan schemes

  1. Managing cash outflows – raising awareness of the importance of managing cashflow across the business
  2. Taking professional advice – including talking to your chartered accountant or business adviser about how to access government support
  • Managing cash inflows – making shrewd changes to your financial management processes
  1. Accessing Government backed support measures
  2. Contacting your bank or finance providers – including researching the range of finance options available
  3. Update your cashflow forecast – refreshing your cashflow analysis and forecasting processes

MMC is working hard to share practical know-how with our clients in these unprecedented times

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