Reopening and Recovery Part 7: Embrace Automation, Cloud & Analytics to Drive Efficiencies

  |  June 16, 2020

The booming pre-crisis economy provided companies the leeway to live with inefficient processes that often led to bloated operational bureaucracies and headcounts.  However, the post-COVID 19 reopening and recovery period will require organizations to quickly identify opportunities of doing more with less from a process, operational and talent perspective in order to stay competitive in... Read More

Reopening and Recovery Part 6: Emphasizing Cost Control

  |  June 16, 2020

In this post of our series on re-opening following the #covid19 crisis, we expand on our previous article discussing how IT Cost Control and Improving IT Operations were among the top priorities of IT Leaders. Today we are focusing on the IT Cost Control measures companies can consider right now. Here are some helpful suggestions: Revisit your... Read More

Reopening and Recovery Part 5: Embrace the Cloud

  |  June 16, 2020

As we continue our series on re-opening following the COVID-19 crisis, we shared previously that IT Cost Control and Improving IT Operations were among the top priorities of IT Leaders. Atlantix Partners is advising our clients to embrace Cloud-based solutions for their ERP and other strategic operational systems to help them deliver value to their businesses.... Read More

Reopening and Recovery Part 3: Scenario Planning & Budgeting Process Improvements

  |  June 4, 2020

photo of four people working together around a wooden table

Continuing from our prior post, in addition to addressing cost structures resulting from the impact of COVID-19, senior finance leaders are focusing on “Scenario Planning and Budgeting Process Improvements.” Finance leaders have had to lead a rapid transformation to determine how to effectively plan and forecast for their companies. With change being the new normal, leaders... Read More

Weathering the Storm Part 12: Data Analytics & AI: Machine Learning

  |  June 4, 2020

two people looking over data

In this post on Data Analytics & AI, we introduce the use of machine learning (ML) in forecasting. Traditionally, forecasting techniques like linear regression, moving average and trends have been used to understand and predict business performance using limited sets of (primarily) internal business metrics which are often based on lagging indicators. However, today’s climate... Read More

Weathering the Storm Part 10: Data Analytics & AI: An Introduction

  |  June 4, 2020

image of a hand holding a pen and reviewing a page with graphs on it

The scale of business disruption caused by COVID-19is unprecedented. But adversity often acts as a catalyst and accelerator for change. The adoption of software tools to access data and theuse of AI by businesses is already well underway—in a survey conducted by The Economist, 75% of executives said “AI will be ‘actively implemented’ in companies... Read More

Weathering the Storm Part 9: Detailed Cash Availability Actions Steps

  |  June 4, 2020

image of a man writing in his notepad while sitting in front of his computer and tablet

The Covid19 pandemic has introduced a variety of challenges across corporate organizations. Crisis-mode has hit many small and mid-sized businesses. Active management of every invoice, sales order, and payroll must take place to ensure liquidity and maintain viability. Cash-impacting actions should be a part of the daily routine in today’s “new normal” including: Cut non-critical... Read More

Weathering the Storm Part 8: Lease Considerations

  |  June 4, 2020

image of a five-story office building

One area that has been heavily impacted by the crisis is the ability of companies to make lease payments. Here are some tips: Concessions – Companies may see concessions in their leases in the form of payment deferrals, change in the lease term or full or partial payment forgiveness. Companies should evaluate the lease contract as well... Read More

Weathering the Storm Part 5: Restructuring Considerations

  |  June 2, 2020

As companies consider restructuring strategies, they should evaluate the accounting and cash impact of restructuring all or a portion of their operations Involuntary terminations – charges may need to be recognized upfront vs. over service period and may result in reduction of future employee expense Contract termination costs – could require immediate recognition of entire... Read More