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published on 20 March 2020 | reading approx. time 3 minutes
It can not be denied. The most urgent task, apart from the health of all, is to secure liquidity in order to survive the upcoming difficult phases essentially unscathed. Short- and medium-term liquidity outflows must be avoided. And incoming payments must be generated. IT can support you in both tasks.
IT is involved in this issue in two ways. On the one hand, it is the focus of liquidity-securing measures and on the other hand, it may be an instrument for discovering liquidity cushions.
It's no secret. Within IT there are no longer needed assets and at the same time expense drivers, which lead to liquidity outflows. These assets and expense drivers must be identified.
Several sources can be ideally (not conclusively) analysed:
If resources are not available in your own company, use our competence from auditing and consulting in the field of IT services.
IT and the data embedded in it are the mirror image of the company. It is not without reason that we are increasingly and in some cases almost exclusively analyzing only the data and data streams of a company, for example in the context of the annual audit.
This data can, of course, also be used to secure liquidity - especially throughout the Group.
Examples of analyses in the area of liquidity are:
Examples of the use of analyses to avoid financial losses due to an internal control system weakly implemented in the ERP system are:
Both approaches raise the question of how this task should be tackled even more under the current load? Take advantage of our competence and technical instruments to obtain the results of your internal control system promptly and continuously.
Coronavirus: What you need to know
Frank Reutter
Partner
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