Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

KPMG: risk of cash shortage may grow

Romanian firms should take note of the evolution of the global situation and should prepare for a period of increased cash shortage, according to KPMG representatives.

"Until now, Romania's economy has not been seriously affected by the world crisis.

However, there have been difficulties about access to financing and banks have become more cautious in granting loans. Consequently, Romanian firms should attentively note the evolution of the world situation and be prepared for a period in which the risk of cash shortage may grow," said Serban Toader, senior partner at KPMG.

According to the opinion poll made by KPMG, by the publication CFO Europe, which interviewed financial managers of 500 companies from the US, UK and Europe, 92% of respondents said that in most cases clients try to delay payment, whole 87% answered that suppliers request payment in advance.14% said the cash flow prognosis was correct in the last 12 months, while one out of five answered that they did not try to make such a prognosis.

The study showed that more than 40% of respondents said the financial crisis had a negative effect on their access to credits and on credit costs. However, the management of cash flow remains a major priority for 24% of respondents while 61% describe it as one of the first five major priorities of the company.

Half of respondents acknowledged there was a growing pressure from the economic environment to improve cash flow. Other factors affecting stock management are increased time for carrying out orders, as a result of supply of goods and services from low cost foreign markets, KPMG will organize the conference "Think restructuring, win in challenging times!" to be held on 5 December in Bucharest.

KPMG and companies which made successful restructuring and National Bank of Romania representatives will participate.

 

Sursa: http://www.actmedia.ro

Tags: kpmg shortage

Articole similare