Practical steps and guidance for а successful remote finance close process during business disruption and crisis
- Pre-close and governance
- General accounting and external reporting
- Regulatory reporting and reporting to other state authorities
- Prepare for future cycles
Stability and resilience
In the face of a business disruption and crisis, resilient organizations ride out uncertainty instead of being overpowered by it.
Ensuring effective business operation of enterprises including how work under a situation of crisis and responding to challenges by minimizing economic losses have become an urgent task for enterprise management team. Working under such circumstances, the Finance leaders are expected more than ever to provide stable and continuous support to the business by exploring alternative ways to working and setting up new or adjusting existing finance processes in order to meet the demands of the changing business environment due to the crisis. This document presents practical steps which can be directly considered when planning and executing a successful remote finance close.