Reopening and Recovery Part 1: Refocusing Priorities for Finance Leaders

  |  June 4, 2020

person in front of the computer and writing on a tablet

As the Country moves towards re-opening businesses, finance leaders are re-evaluating and repositioning company strategies, wondering what is on their minds?

Due to the immediate economic impact of COVID-19, cash was the primary concern for senior finance leaders at the onset of the pandemic, however, as we move towards reopening the focus has shifted. According to a Gartner study, 88% of senior finance leaders surveyed are now prioritizing macro-pandemic concerns into three main areas of focus:

  1. Cost structure impact of COVID-19
  2. ​Scenario planning and budgeting process improvements
  3. Return-to-work strategy

Continued uncertainty in the immediate business environment has resulted in finance leaders having to evaluate the immediate and long term effects of the pandemic while trying to plan and project the future. Find out how to create effective and actionable financial strategies for each of the three focus areas in the next parts of our series.