“This renewed focus on transformation is driven by the reliance on the CFO and finance team as businesses try to survive the crisis and plan for the recovery. It has exposed the weaknesses that exist within the typical function (planning and forecasting, for example) and the necessary improvements to meet the expectations of the business. Remote working adds to the challenge.
With cost-cutting high on the agenda for most organisations, the finance team will also come under scrutiny. We need to do more with less, be more efficient and effective.”