LESSONS FROM THE PANDEMIC: SHORT TERM MEASURES IN FINANCE NEED TO BECOME SUSTAINABLE FOR THE ‘NEW NORMAL’

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LESSONS FROM THE PANDEMIC : SHORT TERM MEASURES IN FINANCE NEED TO BECOME SUSTAINABLE FOR THE ‘NEW NORMAL’

  • Stephan Lohnert, Maria Tsaplina
  • Published: 05 April 2022

 

From the beginning of the global COVID-19 pandemic nearly two years ago, many companies had to react quickly to survive, with Finance departments put firmly in the spotlight during the crisis. Although it is beginning to look like the return to the pre-pandemic times, some changes will remain going forward and need to be adopted in a more sustainable way. This paper discusses lessons learned from the COVID-19 crisis for the CFOs and their Finance departments, including their subdivisions – Treasury, Controlling and Financial Planning & Analysis (FP&A).