Survey Research & Economic Data
2020 AFP COVID-19 Survey: Treasury
AFP’s Survey: Impact of the COVID-19 Pandemic was conducted in early April 2020 and aimed to examine the actions organizations’ treasury departments have been taking in response to COVID-19. It additionally studied whether organizations were prepared with business continuity plans and if treasury teams are being included in task forces and meetings regarding COVID-19.
Sixty-nine percent of organizations are delaying the hiring of new employees, while 61 percent of organizations are instituting a hiring freeze. A vast majority (88 percent) of organizations are increasing the emphasis on cash forecasting and expanding the time horizon for cash forecasts. Over three-fourths of treasury professionals reported their teams are involved in internal meetings regarding the global pandemic, confirming that treasury does “have a seat at the table”.
AFP thanks BMO for its underwriting support of the Impact of the COVID-19 Pandemic Survey.
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Questions about this report?
Contact Tom Hunt, Director of Treasury Services at AFP.