Looking Past Covid-19: Five Critical Messages for CFOsFinance has received high marks from management and business stakeholders for its rapid response to the Covid-19 pandemic.
In a May 2020 poll conducted by The Hackett Group, 100% of finance respondents transitioned successfully to remote work and closed the books on time in spite of substantial disruption. Now, using the lessons learned in the past few months, CFOs must move the function beyond reactive blocking and tackling, toward preparing to meet the long-term implications of the crisis on finance's operating model.
Report Snap Shot
Our May 2020 poll on business responses to the Covid-19 outbreak looked into the near- and long-term effects on the finance function. The five principal findings and their implications for CFOs are discussed in these pages.