How to Preserve Cash During Uncertain Times

Mary Beth Loesch from GCE Strategic Consulting provides insight into how to preserve cash when sales are off during challenging times.

Expert tips around cash management

When you're looking at cash preservation in new funding, you look at a few buckets. The first one is the usual cash flow opportunities. On the accounts receivable side, deferred revenue for work in progress. Is there any way to convert those into cash rapidly on the accounts payable side Are there isn't an opportunity to use accounts payable as a funding source. Equipment financing, even if the equipment is already been purchased, there might be a way to go back and get the equipment financed to free up capital.