COVID-19 has tremendously impacted government finance functions. New complexities have stretched resources and obstructed some staff’s abilities to forecast revenue. Faced with uncertain budgets, demands to contain costs, and virtual finance teams, leaders are looking to digitize and use emerging technologies to increase efficiency and productivity.
During a recent webcast, public sector and KPMG leaders discussed how leaders are addressing these critical financial challenges and opportunities. They also explored ways agencies can enhance the finance function and prepare finance operations to support future business models. The below summarizes these steps and the live discussion.