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By François MASQUELIER, CEO of Simply Treasury
Many companies, especially medium-sized and small ones, all too often forget the importance of maintaining a good treasury and enough liquidities. In fact, a company can make ten years of book losses without going bankrupt. On the other hand, if it cannot meet its obligations, it goes bankrupt through cessation of payments. There are even profitable companies that disappear for lack of liquidity. Access to liquidity is therefore the sinews of war. That's why we need to preserve and secure it. And by the same token, company size is no excuse for not managing treasury with care. What are the rules to follow for a company, and even more so if it's a small one?
Cessation of payment, cause of...
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