COVID-19 Impact on Financial Planning & Analysis
The impacts of COVID-19 have catalyzed businesses to rethink current operations and unlock enterprise value by improving financial processes.
The U.S. economy is projected to contract by nearly 6% in 2020 due to the coronavirus pandemic, twice the 2.9% contraction of the 2008 meltdown. Successful organizations thrive during economic downturns due to preparation and rapid adaptation to new business conditions. By leveraging FP&A, businesses can transform their finance organization to be more agile, solve enterprise challenges, and lay the groundwork for future success during the economic rebound.
Learn about actionable steps that organizations can adopt today, as prepared by DayBlink’s Financial Transformation Center of Excellence.
ABOUT THE AUTHORS
Rick King is a Partner and Practice Lead of DayBlink’s Financial Transformation Center of Excellence. He is based in Philadelphia, PA.
Kenneth Merritt is a Partner and Practice Lead of DayBlink’s Digital Center of Excellence and DayBlink’s Organizational Transformation Center of Excellence. He is based in Washington, D.C.