Having a fully integrated, bottom-up and agile 12-month plan enables you and your team to react quickly when something like the pandemic comes your way.
While the landscape today is certainly unique, over my career, I’ve learned having the right processes in place can make challenging and tumultuous times more certain. Every time the market takes a significant hit, we, as CFOs, find ourselves evaluating every aspect of the landscape — searching for ways to deal with the situation and return to growth. We look for ways to forecast what’s coming, and develop best practices that will help us pivot when needed to continue to thrive.
Navigating those changes means tearing down data silos and creating an agile business planning approach that incorporates finance and operations departments from the start.
Source CFO Dive