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.
Contact email@example.com or call 301.907.2862 for more in-depth information, to read the full report or to arrange an interview with AFP Research.
Learn more about AFP member benefits and join today
Questions about this report?
Contact Tom Hunt, Director of Treasury Services at AFP.