Many organizations are experiencing major disruptions to cash flow, caused by the sharp decline in business activity. These organizations are reshaping strategies and facing hard, and potentially risky, business decisions. During these uncertain times, organizations need to ensure they are placing high importance on fiscal management and undertaking cost-reduction efforts to get “back to basics.”
One rapid-cost takeout solution that will achieve cost reduction and accelerate cash flow for your business, while not threatening your customer value proposition, is re-negotiating your lease portfolio.
In addition to lease re-negotiation and the process outlined above, our professionals stand ready to help you navigate accounting changes due to re-negotiations, implement ASC 842 Lease Accounting and lease administration software, and analyze your 13-week cash flow.
For more information on these topics, or to learn how Baker Tilly specialists can help, contact our team.