Criticaleye

Contact Us



Looking Past COVID-19: Five Critical Messages for CFOs

Finance has received high marks from management and business stakeholders for its rapid response to the COVID-19 pandemic. In a poll by The Hackett Group and Workday, conducted in May 2020, 100 percent of finance respondents transitioned successfully to remote working and closed the books on time.

Using the lessons learned over the past few months, CFOs must now move the function beyond reactive blocking and tackling, toward preparing to meet the long-term implications of the crisis on Finance's operating model.
 
Key findings:
  • The Hackett Group's EPM Performance Study (2018) found that half of financial planning and analysis groups (FP&A) still relied on complex and cumbersome spreadsheets to produce the forecast and run analysis. As a result, 72 percent of groups have had difficulty meeting the company's demand for forward-looking information.
  • 75 percent of participants in the COVID-19 Response Poll took immediate steps to improve working capital management. 79 percent intend to operationalise this post-crisis.
  • According to 75 percent of poll respondents, the biggest long-term effect of the pandemic will be a renewed sense of urgency about transforming to a more agile service delivery model.
 
 
 



Click here to download this insight

DOWNLOAD INSIGHT



Related Insights

Read, watch & listen to some of the latest thought leadership from our Community.

Click here to download this insight
Reaching New Heights at Guoco...

After four years in the Group CFO role at one of Singapore’s most prominent real estate developers, GuocoLand Group, Andrew Chew talks to Jacob Ambrose Willson about stepping up from regional CFO to Group, managin...

READ MORE
Click here to download this insight
The AI-led HR Revolution at V...

Victrex’s Group HR Director Jilly Atherton has brought together talent planning, leadership development and digital innovation to support a fast-changing global business, using AI where it adds real value without ...

READ MORE
Criticaleye Asia Podcast - Su...

Joe Dische, CFO, PropertyGuru Group, shares his perspective on what it means to succeed as a strategic CFO during times of transformation. With over two decades of experience across technology, media and telecom sectors...

READ MORE

1 2 3 4 5 6 7 8 9 10
Displaying 1 to 3 of 503




EXECUTIVE MEMBERSHIP

Transforming global leaders
CORPORATE MEMBERSHIP

Strategic leadership development
NON-EXECUTIVE MEMBERSHIP

Accelerating high performance
ADVISORY PARTNERSHIPS

World-leading expertise

Accenture Worldpay British Land Drax Group plc Concentrix AlixPartners Legal & General London Stock Exchange Group Lightsource bp FTSE Women Leaders Review Rolls-Royce Eightfold AI Google NATS Aldermore Group Salesforce GlaxoSmithKline plc E.ON UK Palo Alto Networks Hitachi Solutions IBM Consulting NatWest Group Workday