Facing new challenges imposed by the COVID-19 pandemic
Facing new challenges imposed by a pandemic
CFOs are facing yet a new challenge imposed by the COVID-19 pandemic – closing the corporate books with nobody in the office. For many finance leaders, driving a virtual close with a remote finance workforce hasn’t been easy, but it can be achieved with smart planning and a shared commitment.
The need for accurate financial reporting and forecasting has rarely been more critical than it is today. The financial close is a highly orchestrated process in which team members depend upon each other to produce deliverables on a tight schedule in a precise sequence. This symphony of moving parts may feel out of sync as well-practiced routines move to an unfamiliar virtual environment.
In this webinar, subject matter specialists from KPMG in Canada and other organizations reveal a virtual approach aimed at getting the next close out the door responsibly, with forecasts and scenarios updated, and a refined process to make it robust and sustainable for as long as required post COVID-19.
Discussion topics included:
Todd Mooney, Vice President, Finance and Administration at Algonquin Power & Utilities Corporation
Read our guide: COVID-19 and the CFO - Enabling a virtual close
Partner and National Service Line Leader, Finance Transformation