The furious speed with which COVID-19 morphed from a health care issue to an economic issue has created unprecedented challenges for chief financial officers. To manage through these challenges and position their organizations for recovery, CFOs need to take decisive action now.
Employees are the first priority, of course: doing everything possible to safeguard their health and financial security is an imperative. It is not only the right thing to do, but will be critical to rebounding when COVID-19 abates. Ongoing communication will be important, too, both to minimize employees’ stress and to keep them engaged.
In conjunction with assuring that employee needs are met, CFOs must further focus on four key areas of the business.
KPMG has identified four focus areas for CFOs as they steer finance and the enterprise through the COVID-19 environment. Click on each box to learn more.