Private businesses across New Zealand are operating in unprecedented times. They face uncertainty, complexity and rapid change, often with unforeseen financial pressures. We are supporting private business not only to survive the negative impact of COVID-19, but adapt quickly, clearly and proactively to new market conditions and opportunities. KPMG’s specialist private business advisory team is delivering a targeted Business Resilience Service remotely across the country to support directors, business owners and senior management teams to respond. We will help you develop and implement a bespoke action plan, allowing you to:

  • Identify and address critical issues, to ensure you stabilise and protect the business in the short term as best as you can
  • Bring visibility to any immediate cash impacts, and develop a plan for managing costs and understanding any short-term funding requirements
  • Identify and unlock near term opportunities created by the new market conditions and operating circumstances
  • Build longer term resilience in the business so that it can operate successfully in a post-COVID-19 world
  • Lead your people with clarity and confidence through challenging times and ensure it emerges with strength and well-positioned for long-term success.

This service can be fully funded by New Zealand Trade and Enterprise or your Regional Business Partner, so it may be completely free for you to access this specialist support. Contact us to discuss eligibility and we can put you in touch with the appropriate support agencies.

How we will work together

The global economic landscape is rapidly changing due to the impact of COVID-19. Our approach reflects the importance of ensuring your plans are flexible to enable you to move decisively when required. At the end of this process you will have a clear plan based on a clear understanding of your cash position.

Initiated with a half hour scoping call to talk through you priorities, you’ll then gather your thoughts and provide Business Critical Information that will help you and your KPMG advisor gain a snap shot of the business, the impact of COVID-19 on the business, as well as potential challenges and opportunities.

In a workshop via video conference, we will help you develop a highly focused bespoke COVID-19 Action Plan and high level cashflow forecast.

  • Examine the key focus areas of your business, identify risks and new revenue opportunities, identify and prioritise key actions, and stress test your thinking and decisions.
  • Develop high level cashflow forecast in line with the key decisions made, to stress test your thinking and inform your decisions. Complex businesses may require more detailed work. We will discuss and agree with you any fees implications before undertaking further work.
  • Develop action plan for sharing with the team and any key partners.
To support you to execute your plan, we will check-in with you to discuss progress and any new issues you’ve encountered, and help adapt your plan to ensure you are responding effectively to the evolving context of COVID-19. These will be a series of calls at a time agreed with you.

COVID-19 Business Resilience Framework

COVID-19 Business Resilience Framework

Key Considerations

Now Short-term Long-term
  • What are the key risks across operations and supply chain?
  • What is the impact on your 3-6mth cashflow forecast? 
  • How will you mobilise your people to firstly navigate crisis response and secondly focus on supply chain assessment and risk management? 
  • What governance do you need in place to rapidly make key decisions? 
  • What do you need to do to ensure your business can recover quickly and be positioned for future growth in the face of a global slowdown and a possible recession?
  • What mitigating actions do you need to undertake across your operations and supply chain? 
  • What communications do you need to undertake with key customers and stakeholders? 
  • What is the impact on workforce planning and management, as well as talent retention? 
  • What is the impact on your sector in the near and long-term? 
  • How might you pivot to capture immediate opportunities and unlock new revenue streams? 
  • How will you create an agile and visible global supply chain? 
  • How can you emerge from this situation with financial and personal strength and renewed purpose? 
  • What risk management practices do you need in place to enhance the resilience of your business? 
  • What new market or customer segments might you target? 
Why choose KPMG Private Enterprise

Why choose KPMG Private Enterprise?

Here at KPMG we are focused on fuelling the prosperity of New Zealand. Never has this mission been more important and meaningful than right now, as New Zealand grapples with the social, personal, business and economic consequences of COVID-19.

Our private enterprise advisory team are trusted service providers with decades of combined experience working with hundreds of New Zealand domestic and export businesses, big and small, to achieve their business ambitions. Many of us have experience running our own businesses. We want to bring our depth of expertise and experiences to help you through this uncertain time. We are also experienced in working with Māori enterprises and the issues that are unique to a te ao Māori business environment. 

 Our approach to helping businesses is robust, pragmatic, and action-orientated. Most importantly we’re not afraid to ask the hard questions. We are working with a large number of clients through this time and can bring a fresh perspective to your plan.

This service is eligible for Regional Business Partner funding vouchers.

Contact us:

Gavin Holley
Partner, KPMG Private Enterprise
Sven Pannell
Director, KPMG Private Enterprise