During the current economic downturn, there are strategies software companies can use to manage cost. Simon Heap, Prasad Narasimhan, David Schannon and Christopher Schorling, partners with Bain's Software and Performance Improvement practices, share Bain's perspective on what actions companies can take to bolster their bottom line in the near term, manage costs over the longer term, and accelerate into the postpandemic recovery.
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As the global pandemic deepens and the human cost of Covid-19 rises, the novel coronavirus outbreak is sending shocks through the world economy. But across industries, companies can take action now to protect their employees and customers and minimize the economic damage.