Finance Monthly March 2020 Edition

30 www.finance-monthly.com BUSINESS & ECONOMY - CASHFLOW STABILISING CASHFLOW IN THE FACE OF UNCERTAINTY Cashflow is the lifeblood of any business. Survival isn’t possible without it, and healthy cashflow supports growth, innovation and expansion. In times of uncertainty, cashflow is particularly important; providing a buffer to keep a business above water in turbulent times. Having sufficient access also enables a business to take advantage of expansion opportunities which might be out of reach for competitors with weaker cashflow. Carlos Carriedo Senior Vice President of Global Commercial Services at American Express