What kind of measures can the CFO take to prevent the business from getting into a financial crisis? You can use any source, but do not quote exactly, summarize it in your sentences, not more than half a page, list briefly.

CFO of a company can take care of the following :

i) liquidity - CFO needs to regularise the cash collections as survival depends on liquidity

ii) Managing lenders - Banks are an appropriate example of a lender and the lender can be managed by discussing the worst case scenarios and way forward plan

iii) Managing Debtors - Keeping a track of aging report . Reviewing payment terms , Keeping good relationships with them is a way out .

iv) Managing Supply chain - Examine on Material Requisition Plan , Keeping stock levels , Automating the reorder level . Production Plan to be floated in time . Locating the loopholes and try solving them .