When the COVID-19 pandemic hit, Strategic Treasurer recognized that this event would have a significant impact on businesses around the globe. In order to capture that impact in real time and help organizations navigate through the crisis, Strategic Treasurer formed the Treasury Coalition, a collaborative group of treasury and financial professionals that sponsor the Global Recovery Monitor – a survey of industry professionals around the world. Here are the latest results.
The survey touches on a range of topics from the degree to which COVID-19 is directly affecting business and views on economic recovery, to liquidity status and revenue levels.
As Craig Jeffery, Managing Partner of Strategic Treasurer, explains, “Hindsight is often closer to 20/20, but it arrives too late, like the response of ‘watch your head’ after you have bumped it on the overhead bin’.” The Treasury Coalition is intended to close that gap and bring clarity during the pandemic event, rather than after it.
Global Recovery Monitor Result Highlights – Period 11:
- COVID-19 Impact: in a forced ranking exercise of top societal concerns to treasury and finance professionals, the impact of the pandemic on health and the response to that impact ranked 1 and 2, with the civil unrest in North America coming in 3rd.
- Accounts Receivable (AR) ranking: this week, for the first time after 11 surveys, AR is not the area most negatively perceived by respondents. For this survey instance, Fiscal Policy (defined for the purposes of the Recovery Monitor as ‘government fiscal activities’) has replaced AR as the area with the most negative outlook.
- Liquidity: this week in the area of top business concerns, access to adequate liquidity replaced last week’s number one concern of direct financial impact to respondent’s organizations – a streak that lasted 9 weeks.
Access additional results here:
Each week, the Treasury Coalition will continue to offer insight into what’s top-of-mind in the treasury and financial industries during the pandemic, and how practitioners are viewing the recovery timeline.
How You Can Help
To be a meaningful resource, the Global Recovery Monitor needs consistent participation from those in the treasury and finance trenches. To add your voice to the results, take the survey here.
Check back here weekly, as SmartPayments.com continues this series as provides insight into the how the industry is recovering from COVID-19.
Read the first article in this series, featuring an interview with Craig Jeffery, Executive Director, Strategic Treasurer.
Check out previous results articles here:
For further insights into the payments industry and beyond, subscribe now to SmartPayments.com and stay up-to-date on the latest trends and topics. You can also check out The Payments Podcast, where experts weigh-in on real-time factors impacting the payments industry.