Between April 10 - April 30, 2020, RevOps Squared partnered with SandHill Group to conduct research that will help us understand how financial planning and 2020 forecasts within the SaaS industry have been impacted by COVID-19. This is the summary report of our findings.

Keep on reading: SaaS Financial Impact Research Report: The Impact of a Pandemic on B2B SaaS Companies

Is there any guidelines about preparation of finacila statements for year ended 31st March 2020?

With more than a month since the lockdown began, a few students from outstation are still stuck in Mumbai University's (MU) hostels. A majority of them managed to head home, but there still are about 20-23 students in the Churchgate and Kalina hostels.

Though their mess provides them with meals, the students still pay for food and need other daily essential items. None of them have any money left and no assurance from home as many come from farmers' families who are already facing a loss due to lockdown.

So these students have requested the varsity to provide them financial aid. "Money is very important when you are staying away from home. Every day each student ends up paying a little over R120 for all three meals at the mess. The university has issued orders that the mess should not charge us, but we know that if we don't pay, the canteen service provider won't be able to buy items," a student at the Churchgate hostel said.

Another student from the Kalina hostel said, "The university has asked the food contractor to not charge but that is not practically possible until they have been provided with groceries etc. If the varsity provides us financial aid, we will be able to ensure our other needs such as soaps, toothpaste etc. are met."

Rohit Dhale from Chatrabharati, who has written a letter to the varsity over the issue, said, "Most of these students are from families which are not financially stable. The students are few and if the varsity decides to help them it won't be a huge amount." MU registrar Ajay Deshmukh said, "We have already ensured that the mess continues to function so that these students do not have a problem with food. We have asked the mess contractor to not make charges mandatory during such difficult times. We have received the letter and it will be discussed with the Vice-Chancellor to decide what can be done."

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Sergio Perez yesterday acknowledged that Force India faces a critical financial situation that has forced him to consider his future in Formula One. The popular Mexican driver said the Silverstone-based outfit remains one of his favoured options, but he feels he must consider other offers and hopes to clarify his thinking during Formula One's upcoming European summer break.

"At this moment, the situation is critical. There's no secret that financial problems have held the team back quite a bit. If you look at the results, we are fifth in the constructors' championship and you cannot imagine the financial issues that we've had so far.

It just shows the potential this team has. Definitely, I would like to see what happens in the coming weeks and months with the team, because I believe it is a great team," he said. "Now, during the summer break, I will have a good idea what's happening, and then I will take a decision," he added.

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Bollywood stars may have rallied behind daily-wage workers during the lockdown, but Pravin Rana, a vertically-challenged artiste, admits he had little hope of them coming to his aid. After all, for far too long, his community has been relegated to the fringes of the industry. However, he was in for a surprise — earlier this week, Salman Khan extended financial support to members of the All India Special Artistes Association (AISAA), a wing of the Federation of Western India Cine Employees (FWICE).

"Nobody cares much for us, but Salman bhai stood by us during these trying times. We were surprised when we learnt that Rs 3,000 had been deposited into our accounts on Tuesday. No other actor has come forward to help us," says Rana, who worked alongside the superstar in Bharat (2019). "During the shoot too, he asked us to reach out to him when in need," he adds.

Shameem Ahmed, a member of AISAA who also featured as one of the circus artistes in Bharat, adds that Khan has promised help in the coming months. "We don't get work on a daily basis. We are grateful to FWICE and Salman Khan for helping us with ration and financial help amid the lockdown. We have been told he will make a deposit next month, too."

BN Tiwari, president, FWICE, informs that about 90 vertically challenged actors come under the purview of the association. "Almost 45 of them have received Salman's donation, the rest will get it in a few days," he says.

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