CHANGE THE WAY FINANCE WORKS

CFO Insights

CHANGE THE WAY FINANCE WORKS

CFO Insights Newsletter

SEPTEMBER 2020


CFOs are finding that they are no longer constrained by geography when competing for talent. The abrupt shift to a remote work environment has proven for most that you don’t always need your team physically in the same space. Their main concerns are how to retain the same culture they had when everyone is not physically in the same place, and what technology can facilitate an effective finance function in this environment.

– Nick McKeehan, Managing Director

CFO Insights

One Year Later: Does the Business Roundtable Statement Matter?

A year ago, the Business Roundtable (BRT) released its “Purpose of a Corporation” statement expressing a “fundamental commitment” to deliver value to all company stakeholders. Today, as the economy emerges from a terrible pandemic, does this statement matter to directors?

 

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CFO Podcasts

CFO Perspectives on SOX Compliance

Managing Directors Christopher Wright and Charles Soranno offer a CFO and finance perspective on Protiviti’s 2020 SOX Compliance Survey results in this 14-minute podcast.

 

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CFO Blog Posts

Persevering and Prospering in the Time of COVID-19: Accounts Payable

The accounts payable (AP) function has a significant effect on the bottom line, third only to sales and receivables. Now, many accounts payable teams have been caught short by the coronavirus 2019 (COVID-19) pandemic, finding themselves unable to shift rapidly and securely to a remote payables workforce. Some businesses – whose workforce capabilities and processes are extensively paper based – may not have been able to shift to remote work at all. This challenge is only one aspect of the finance disruption wrought by the pandemic. In situations like these – and even in situations where remote work is better supported by systems – enterprises are experiencing dramatic reductions in productivity, even as the volume of transactions has increased for some industries.

Managing Directors Jay Thompson and Erin Progelhof discuss the benefits of a managed business services arrangement.

 

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Understanding Spend Is Key to Building Business Resilience in the New Normal

For most organizations, half (or more) of every dollar they receive in revenue will go out to vendors for materials and services. Managing how and when those dollars go out the door is important at any time, but even more so now, as organizations deal with the unexpected turmoil that COVID-19 has created across the globe. Understanding spend at a detailed level is a key component and critical tool in creating and managing a business resilience plan.

In this blog post, Managing Director Bernie Donachie and Director John Weber suggest six areas where spend analysis can deliver critical inputs to reduce risk and increase resilience.

 

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Coming soon

Guide to Business Continuity Management – Frequently Asked Questions

The financial impact on organizations due to the global pandemic is driving more CFO involvement in business continuity planning. Sign up today to receive Protiviti’s Guide to Business Continuity and Resilience. Coming in September 2020, the guide provides questions and answers that examine critical and pressing concepts about business continuity management and related practices as well as industry specific insights.

 

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