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 6: Restructuring Considerations – Debt and Other Liabilities

  |  June 3, 2020

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Continuing our series on restructuring strategies, we now focus on debt and other liability considerations and their impact to cash flow: Debt Covenant Review – could trigger acceleration of cash debt obligations or require loan restructuring/modifications, which may result in charges to the P&L Defined Benefit Plans – curtailment/settlements may require interim re measurement of... 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

Weathering the Storm Part 4: Restructuring Strategy Considerations

  |  June 2, 2020

image of four people working together around a table

With the outbreak of COVID-19, companies are facing tough decisions and looking at their operations and debt to identify changes to help weather the storm. If you are considering restructuring some or all operations and debt obligations, we recommend you: Review debt obligations and required covenants. Review capital commitments to identify what can be delayed... Read More