COVID-19: IMPACT ANALYSIS IN COMPANIES

The situation caused by the COVID-19 has a substantial impact in all the economic activity, with temporary (cash tensions) and structural effects (business restructuring) and an impact at short (suppliers/customers), medium (employees) and long term (shareholders/ creditors).

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COVID-19: BUSINESS PLANS AND FINANCIAL FUNCTION

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 environment.

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COVID-19 SERVICES: SUPPLY CHAIN

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.

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COVID-19 SERVICES: COMPLIANCE AND TECHNOLOGY

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 must have a comprehensive risk approach covering all aspects related to the integrated information security.