cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Finance

Small Businesses CFOs Plan to Delay Vendors Payment to Manage Financial Disruptions

Deepa Sharma by Deepa Sharma
April 13, 2020
Small business CFOs plan to delay vendors payment : COVID-19 impact

Gartner survey of 192 CFOs and finance executives on April 6, 2020, showed the majority of CFOs surveyed plan to slow-pay their vendors to conserve cash during the lockdown and COVID-19 crisis. The CFO respondents from small businesses (with revenue under $500 million) are also seeking flexibility in their rental payments, 84% of CFOs are expecting some waiver or adjustments to their rent obligations in April and beyond, at least during lockdown period.

Due to COVID-19, businesses are shut-down, are partially active, now the burden is on CFOs, how they are going to manage cash flow when there is limited cash inflow with liabilities and commitments. CFOs are practicing different-different proactive cash management models in the wake of financial disturbance. 

The situation is very critical, more than a third of respondents reported that customer receipt payments would be delayed or go unpaid, they are not making any commitment. 

 57% of large businesses with access to credit facilities are actively drawing down upon them. At the same time, small business CFOs are often taking more aggressive measures, like- delaying their monthly rent and payments to their vendors. 

Due to lockdown, companies do not have many options, either shut down or ask employees to work remotely, and the supply chains come under strain. Large and small business CFOs face the probability of postponed or unpaid customer bills (see Figure 1).

Figure 1: CFOs Report 36% of Customers Payments Will Be Late or Not Paid    

ADVERTISEMENT

                

Small business CFOs plan to delay vendors payment : COVID-19 impact
data source: Gartner (April, 2020)

While numbers of CFOs of all the companies surveyed – prepared to draw down credit limits wherever possible, slow-pay vendors, and try to obtain government stimulus funding, the survey shows some distinct variations between how large and small business CFOs are working with their financial challenges.

  1. Large business CFOs were 9x more likely to consider asset sales compared to the smaller business.
  2. Large business CFOs were more actively drawing on credit limits (57%) compared to smaller businesses (46%).
  3. Small business CFOs were nearly 2x more likely to be delaying rent for April and May 2020 compared to large
  4. businesses, with 84% of the former showing they will discuss to delay or only part payment rent payments in the coming months.

Also Read: Cybersecurity While Working From Home Amid Coronavirus Outbreak

Also Read: Contingency Plans Will Minimize Business Impacts of Event Disruptions Due to Coronavirus: Gartner

Also Read: Data Protection and Compliance While Working From Home

Deepa Sharma

Deepa Sharma

Deepa Sharma is CXOVoice’s Managing Editor, overseeing all coverage technology, cybersecurity, banking, and financial coverage. She can be reached at [email protected]

Related Posts

TM Forum and Huawei
Press Release

TM Forum and Huawei Jointly Released Two Standard Reports:  AI for BSS and Software Marketplaces Reference Architecture

June 30, 2025
HCLTech OpenAI
Business

HCLTech Partners with OpenAI to Accelerate Generative AI Adoption for Enterprises

June 30, 2025
L&T Technology Services and thyssenkrupp
Business

L&T Technology Services and thyssenkrupp Steering Business Unit Partner to Establish a Global Software Hub

June 30, 2025
Business

Ericsson Strengthens ASIC Development in India with Major R&D Expansion

June 27, 2025
Osaka Sakai Data Center
Technology

HPE and KDDI Partner to Launch Osaka Sakai Data Center for AI Innovation by 2026

June 26, 2025
Tata Hackathon
Technology

Tata Technologies with AWS to Launch Engineering Hackathon Focused on Smart Mobility Innovations

June 26, 2025
Fujitsu
Press Release

Fujitsu’s Uvance Wayfinders consulting empowers customers to evolve business foundations leveraging data and AI

June 26, 2025
HCLTech AMD
Technology

HCLTech and AMD Unite for Next-Generation Technology Solutions across AI, digital and cloud

June 25, 2025
Load More
Please login to join discussion
ADVERTISEMENT

Latest Updates

TM Forum and Huawei

TM Forum and Huawei Jointly Released Two Standard Reports:  AI for BSS and Software Marketplaces Reference Architecture

by News Desk
14 hours ago

HCLTech OpenAI

HCLTech Partners with OpenAI to Accelerate Generative AI Adoption for Enterprises

by Deepa Sharma
14 hours ago

L&T Technology Services and thyssenkrupp

L&T Technology Services and thyssenkrupp Steering Business Unit Partner to Establish a Global Software Hub

by News Desk
18 hours ago

Ericsson Strengthens ASIC Development in India with Major R&D Expansion

by News Desk
4 days ago

Osaka Sakai Data Center

HPE and KDDI Partner to Launch Osaka Sakai Data Center for AI Innovation by 2026

by Deepa Sharma
5 days ago

Tata Hackathon

Tata Technologies with AWS to Launch Engineering Hackathon Focused on Smart Mobility Innovations

by News Desk
5 days ago

Expert Views

Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025
Soft Skills
Opinion

Soft Skills and Technical Know-How: A Winning Combination in the Tech Industry

March 4, 2025
Digital Freedom
Cyber Security

Your Data, Their Gold: The Silent Battle for Digital Freedom

February 25, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
AI chatbots, Prasanna-Kumar
Leaders Talk

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved