Cash may always be king, but in 2020, it was also emperor, czar, and dictator. For companies of all sizes, in almost every industry, carefully managing cash flows was the only way to stay afloat.
Whether a business was attempting to maintain operations as revenues nose-dived, facing down impending debt payments or loan-covenant violations, shoring up its supply chain by helping smaller vendors, or even growing in a market sector boosted by the global shift toward schooling and working from home, liquidity was top of mind all year long.
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