Any strategy must pivot around the objective to preserve the value in key areas, and to leverage them in order to, where possible, optimize the value in a new environment. It is essential to prioritize actions that do not affect the business value, while defining a strategy to achieve the maximum speed of adaptation to a new environment. Companies’ needs in the COVID-19 environment:
The COVID-19 pandemic is having a very deep impact and it is generating an unprecedented situation of uncertainty in all economic sectors. In these difficult times, at Mazars we stand by our clients side, helping them to protect the people in their organization and ensure the continuity of their businesses and services
Mazars Talks is a series of podcasts in which our experts analyse the key aspects that companies should take into account from financial, tax or legal aspects either now due to immediate needs or in order to be prepared for the coming months.
The COVID-19 pandemic is a constantly evolving global health crisis that is creating a huge range of challenges for individuals and businesses around the world. As governments take unprecedented action to prevent the spread of the virus, businesses are facing an ever-more complex environment to operate within.
The expansion of Coronavirus (Covid-19), the globalization of society, in general, and of the economy in particular, has led the society and the companies to move in a hostile environment, in a hasty and abrupt manner, without time for their adaptation or anticipation. The health crisis has struck in a generalized manner, affecting all economic fields and sectors.
“Creating Valuable Solutions” is Mazars’ online publication that includes articles, reports and analyses elaborated by the firm and its professionals on matters related to the great challenges currently faced by companies: innovation, sector trends, legal and tax developments, risk management, good governance, regulation, digital transformation, and many others.
One of the main issues faced by entities with financial challenges derives from the impossibility to maintain existing agreements with suppliers, customers or creditors. It is essential to define the new terms to be reached and to count with the necessary team to reach clear, solid agreements to make sure that legal, financial and commercial aspects reflect the best conditions possible in the new...
Many companies could find themselves in a situation in which they may have to implement or adopt a series of measures immediately and/or at the mid-long term. Such measures must focus on maintaining the activity in the new normality. The supply chain and/or areas such as the client or sales management are essential in this sense.
The current situation derived from the COVID-19 (remote working, a more intensive use of connection technologies…) is causing an increase of information security-related crimes: scams, theft of credentials through phishing, malicious files… All this could have a possible impact both from the reputation and from the compliance standpoint. In order to face this situation with guarantees, the companies...
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