19APRIL 2021are actively supporting our clients in the same way by providing them the tools to move their company forward into a brighter future," says Chris Noble, Partner and Leader of the Services & Technology Groups at Anchin.As the pandemic threw an unexpected curveball for business operations across the board, Anchin's risk management services proved instrumental in guiding clients on the right path to mitigate the challenges. "We have been making big strides to enhance our service offerings for our clients. As the world continues to battle the COVID-19 pandemic, we have been helping our clients to keep their organizations moving forward during these trying times, and preparing them for the future," explains Russell Safirstein, Partner in Charge of Anchin Digital Risk Solutions and President of Redpoint, Cybersecurity. In addition to transitioning their clients into a remote working space, Anchin's team of professionals developed strategies to address system and data access issues by acquiring and adjusting to new systems and programs. From managing IP requirements to ensuring connectivity to evaluating the systemic risks associated with remote working staff, Anchin's advisory team was present at every step along the way to provide proactive advice to its clients. "We had to address issues related to the health of our staff and that of our clients, and also help our clients be mindful of the potential financial and reputational losses they might face," adds Safirstein.Functioning as an external CFO to their clients, Anchin was able to assist companies in understanding the benefits of the Paycheck Protection Program (PPP) and ensure they understood the rules and nuances of eligibility and forgiveness. Anchin also helped a significant number of clients with various services related to carryback claims, consulting on expanding credit facilities to ensure that they had enough working capital to survive the pandemic, and cost reduction analyses for overhead and operational costs. "Our focus was on cash flow. We worked with our clients to help them preserve as much cash flow as they could, advising them on managing their customer and vendor relations with a post-COVID economy in mind," says Noble.In response to the changing workforce, Anchin opened a new office in Long Island, NY and is focused on expanding their footprint in the coming years. "The pandemic has brought forth some of the world's largest disaster recovery tasks. There are always lessons to be learned when you go through an event of such magnitude. And the biggest lesson for us is to be prepared for such events in the future and have a suitable plan of action," concludes Safirstein. Building on nearly 100 years of experience, Anchin plans to leverage their extensive intellectual capital in continuing to partner with their clients to solve the new problems of the changing world and provide the best service offerings to their clients.
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