Insight

COVID-19 and the CFO: Cost management

Tackle the cost takeout challenge boldly and responsibly with a three phase framework

Joe Moawad

Joe Moawad

Principal, Finance Transformation, KPMG US

+1 312-665-2506

Achinta Khairom

Achinta Khairom

Principal, Advisory, Finance Transformation, KPMG US

+1 206-794-3416

For many CFOs, this is the sternest test yet of their cost management capabilities—squared. Finance professionals are being forced to look for cost reductions on a scale few could have imagined—all amidst a disruption of the economy that's playing out faster, and on a broader front, than in previous downturns they’ve experienced. Further, it is charged with uncertainty, evolving on a day-to-day basis with no clear consensus yet on how long or how deep the economic downturn will be.

It is not unmanageable, though. In this paper, KPMG offers CFOs a three phase framework to tackle the cost takeout challenge boldly and responsibly. 

COVID-19 and the CFO: Cost management
With vast swaths of the global economy locked in a deep freeze due to COVID-19, finance professionals are being forced to look for cost reductions on a scale few could have imagined. Discover how CFOs can tackle the cost takeout challenge responsibly by employing a three phase framework.