In Focus Resource Center > Insights

The COVID-19 Impact: Cash Management Triage with Industry-Specific Insights for CEOs

The COVID-19 pandemic has us all living through uncharted territory with far-reaching implications, uncertainty, and significant disruption.  We watch the news waiting and hoping for a positive break - #social distancing is the new norm.  Today, no one has a silver-bullet; people are sick, the stock market is tumbling, businesses of all sizes are struggling, some closing, and unemployment is rising.  For the moment, one of the top priorities of business owners and CEOs must be the conservation of cash.

Citrin Cooperman’s industry leadership has come together to provide our insights for you around cash management strategies for consideration.  Let’s focus on the basics and strategically work together until this crisis abates. 

  1. Communicate with your bankers and consider... (read more)
  2. Review all existing contracts to determine whether they contain force majeure (literally, superior force) clauses. (read more)
  3. Stay close to your customers. (read more)
  4. In order to reduce or defer expenses, consider... (read more)
  5. For individuals and businesses with a federal tax liability, consider... (read more)
  6. There are many insurance considerations during this crisis including reviewing... (read more)

 

Industry-Specific Considerations


Construction 

Franchising

Healthcare

Manufacturing and Distribution

Staffing

Real Estate

 

Related Insights

All Insights

Our specialists are here to help.

Get in touch with a specialist in your industry today.

* Required

* I understand and agree to Citrin Cooperman’s Privacy Notice, which governs how Citrin Cooperman collects, uses, and shares my personal information. This includes my right to unsubscribe from marketing emails and further manage my Privacy Choices at any time. If you are a California Resident, please refer to our California Notice at Collection. If you have questions regarding our use of your personal data/information, please send an e-mail to privacy@citrincooperman.com.