Due to the lockdown, most Indian subsidiaries are confronted with collapsing sales and outstanding receivables - although they are still ongoing Staff– and operating costs. In order to determine any problems, risks and, if necessary, the amount and timing of an Indian company's cash requirements, liquidity and cash flow planning is currently of utmost importance.
Specifically, we can help you with the Budgeting of the current financial year (retroactively from April 1, 2020) and in the preparation of the associated Liquidity or cash flow planning support.
We recommend gradually creating a 3-year plan (Forecast 1+2). In this way, you and your stakeholders currently have the best possible overview of the likely further development of your Indian business activities.
Cash management in times of Corona
In addition to planning activities, we can also support you with active cash management on site in India. For example, do not assume that your claims will be serviced as usual!
Cash management is all about optimizing your working capital (receivables, payables and inventory). In short, it means that your company is permanently and liquid at all times.
In our next WBinar Indian subsidiaries facing “new normal” tells you Echle box more on the topics liquidity and Cash management during the corona crisis. We look forward to your participation.
