MSP COVID-19 Playbook - Chapter 4: Managing Cash Flows During a Crisis

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Provided by: ConnectWise
Topic: Security
Format: PDF
The thing that keeps most business owners up at night is whether they have enough cash to pay their employees and their bills.

According to Invoicera, 68.9% of business owners fear they’ll lose their business due to a lack of available cash and 58.2% identify slow paying customers as their biggest challenge in managing cash flow.

You never know what economic crisis is around the corner, so it’s critical to preserve cash and have a crystal-clear picture of your company’s financial position day-to-day.

This chapter will walk you through cash flow management best practices and offer tips and resources that will help you:
  • Put the right tools and processes in place
  • Make it easy to get paid consistently
  • Gain visibility into your finances
  • Cut expenses to build resiliency
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