KPMG recommends a four-phase approach aimed at responsible reporting in disruption, then refining the process to make it robust and sustainable for as long as required. As an outcome, organizations will likely uncover process improvements that provide value long after COVID-19.
This video breaks down:
Rapid onboarding: Assess the business need, skill-sets and levels to identify and onboard resources
Train and assimilate: On-the-job-training and rapid resource deployment—100% shadowing of work hours and global support model across all regions and geographies
Quality close: Embed resources as part of the controllership teams, provide hands-on accounting, PMO, communications, and finance transformation support
Stabilize: Monitor and confirm that services and quality have stabilized and operationalize close governance processes