Insight

COVID-19 and the CFO: Enabling a virtual financial close

Ensuring business continuity in the current environment

Ron Walker

Ron Walker

Finance Transformation Service Network Lead, KPMG US

+1 858-750-7057

Jim Murphy

Jim Murphy

Principal, Finance Transformation, KPMG US

+1 408-367-1603

To the list of unexpected challenges imposed on CFOs by COVID-19, add this one: closing the corporate books with nobody in the office. COVID-19 has quickly driven all resources out of the office, many with limited experience in working remotely. For many, finessing a virtual close with remote workers won’t be easy, but it will be doable—with smart, fast planning.

The need for accurate financial reporting to drive business decisions and inform investors and other key stakeholders has seldom been more critical. Explore a four-phase virtual approach aimed at getting this month’s close out the door responsibly, then refining the process to make it robust and sustainable for as long as required. 

COVID-19 and the CFO: Enabling a virtual financial close
Completing the financial close with a remote workforce will require careful, but quick planning. Discover a four-phase approach and considerations for executing a virtual close.