It is increasingly common for financial institutions to rely heavily on external third parties for the provision of key infrastructure, services, and support for critical processes. This means..
It is increasingly common for financial institutions to rely heavily on external third parties for the provision of key infrastructure, services, and support for critical processes. This means..
Everyone knows the magic formula to running a successful business: Increase profit by growing revenue and managing costs. Easy, right? While this may be the case for a lucky few, this notion..
In this series, we discussed the critical areas to be targeted in the aftermath of a crisis as part of a reassessment of an operational resilience program. The third critical area that should be..
In this series, we have discussed the areas to be included in a post-crisis assessment of an operational resilience program. The second area that should be reassessed is the identification and..
As the initial shock of COVID-19 passes and organizations adjust to a “temporary normal” state, most financial institutions across the U.S. have shown remarkable resilience in continuing critical..
If Robotics Process Automation (RPA) is a key foundational technology that can enable an organization to take advantage of other new technologies, it stands to reason that it’s highly important that..
In a time of crisis, cost transformation plays an important role in enabling organizations to become nimbler, cost effective, and resilient. While they all should strive to embody these..
Divestment strategies are integral as companies seek a tactical shift in their business, a change in their margin profile, or a deleveraging of their balance sheet after a time of crisis. Whether..
One of the biggest challenges facing companies today is the ability to maintain and service customers in an environment where nothing is familiar or certain. Currently, it seems that every company..
Whether it’s to gain a competitive advantage or to simply keep up with their peers, executives are beginning to look ahead at what’s next. Perhaps counter intuitively, organizations can unlock..
The past months have proven that this is an unprecedented time for the way we conduct business in a global economy. As economic conditions remain uncertain, companies are looking for strategies to..
During periods of uncertainty, executive leadership should exercise caution when considering investments and overall financial health. This is why now, more than ever, organizations have become..
The Federal Government continues to refine this program to ensure funds find their way to small businesses to cover payroll costs over the next two months.
The SBA recently issued an interim final rule that was aimed at helping lenders get on board with the Paycheck Protection Program. It doubled the interest rate that lenders can charge for these..
Most people know the basics by now but here is a recap. Under Title I of the CARES Act, small businesses can get a loan from an SBA lender in the amount of 2.5 times their monthly payroll, up to..
When emerging from a financial crisis, executives must consider the ability of a scaled-back organization to execute strategic growth. They will ponder how to transition the business from plateau..
In these uncertain times, forward-looking organizations are looking to not only weather the economic storm, but also prepare to emerge stronger.
As evidenced in the last few weeks and months, the world is ill prepared to detect and stop pandemic outbreaks. The impact of COVID-19 has caused unimaginable tragedy, forced inconceivable losses..
Because it provides a tremendous opportunity for growth, the idea of executing an IPO is thrilling for many private companies. Despite the excitement, it is important to first consider whether the..
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