5 Questions Boards Should Ask Their CFOs
CFOs serve as a critical filter to the board of directors. And filter they must, due to the complex array of strategic risks boards expect their companies to monitor. CFOs’ expanding scope of responsibilities, strategic partnership with the CEO, and risk- and control-centric mindset enable them to pinpoint the pivotal aspects of threats to, and […]
Flourishing in a New Reality: Automation for the Post-COVID-19 Labor Market
Availability and quality of finance and accounting talent is an issue chief financial officers (CFOs) have been grappling with since the COVID-19 pandemic spurred major changes in how people work — and how they relate to their work. For one thing, many employees are showing a decided preference for remote and hybrid work. Second, many […]
Agile Is Strategic: Finance’s New Labor Model Advances
The flexible labor model is on the rise for finance organizations, and there is no going back. A year ago, findings from Protiviti’s global survey of CFOs and finance leaders showed that the use of a new finance labor model helped organizations respond to the COVID-19 pandemic’s disruptions with greater speed and agility. The results […]
Skills and Scale – The New Finance Labor Model Proves Its Real-World Value
The finance labor model of the future has passed a major test – and it was a massive one. The results of Protiviti’s latest global survey of CFOs and finance leaders show that finance organizations which leverage a diverse talent pool of full-time employees, contract and temporary workers, expert external consultants, and managed services and […]
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 […]
Persevering and Prospering in the Time of COVID-19: Keep Accounts Receivable Turning
One of the many reasons businesses are suffering during the COVID-19 pandemic is that their customers are challenged in managing their cashflow, resulting in reducing or delaying payments. In addition, the accounts receivable function is not an easy one to operate remotely; billing operations and collections/cash application teams may be slower than usual as employees […]
