PETALING JAYA, April 7 (Bernama) — The ripple effects of COVID-19 are still unfolding on a global scale and it is unlikely that the true impact of this pandemic can be measured until the situation stabilizes. Until such time, businesses both big and small are challenged to manage their cash flow position as their first line of defence. Left unmanaged, even the most profitable business can rapidly become unsustainable if cash controls are weak and visibility over cash pipelines is limited.
According to Datuk Johan Idris, Managing Partner of KPMG in Malaysia, having a tight grip on cash management will provide companies with valuable breathing space in times of crisis. This is especially true for small businesses, where having cash on hand makes the difference between being operational or foreclosure.