The Covid-19 pandemic has already provided rich pickings for fraudsters and cybercriminals who are becoming increasingly active and unscrupulous. The company is the first line of defence against fraud and it is vital to educate employees about what to look out for and how to avoid being duped.
Amid the early stages of the Covid-19 pandemic lockdown, corporate treasury teams had to act quickly to get to grips with their overall liquidity position and ensure they could access liquidity when they needed to. As lockdowns ease and businesses look to recover, a 5-step medium-term response can help ensure the lessons learned in the early days of the pandemic will not be lost.
In the wake of the peak of Covid-19, the need for firm business continuity and recovery measures quickly rose to the top of the corporate agenda. As the impacts have reverberated outwards, with lockdown measures and remote working becoming the norm, comprehensive business reliance plans have proved a ‘must have', but what are the key considerations that underly these measures?
The ongoing Covid-19 pandemic has created a host of unprecedented challenges for almost every aspect of the treasury function. Nevertheless, working in conjunction with their bank(s), treasurers can armour their teams against many of the challenges.