Over the past weeks, all of us have been impacted by the global pandemic (COVID-19) as the number of confirmed cases is growing and countries are taking measures to control and prevent the infection of COVID-19.

The pandemic also is creating an enormous impact on the economy. Small businesses, startups and scale-ups – having only limited funds available – might take the biggest hit of all. As a business owner, you are probably working on contingency plans and addressing questions such as these:

• How will a drop in sales impact my cash flow?
• What is my runway if the fundraising takes longer to close?
• How can I control my burn rate in these times? 
• What is the impact of government and banks grants on my financial position?

Since EY Finance Navigator’s financial planning software for startups can help finding answers to these questions, we have decided to offer both existing and new users three months of free access to all startups globally. EY Finance Navigator is EY online financial modeling software specifically designed for startups and is trusted by entrepreneurs in more than 50 countries. With the software, you can calculate the financial impact of different scenarios in these unprecedented times by modeling your cash flow, calculating your funding need and measuring the impact on profitability.