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The pandemic exposed rigid budgeting and forecasting processes that couldn’t handle rapid changes. Armed with experience from last year, finance leaders share how they’re planning for 2022.
Srinivas Phatak, finance chief at Hindustan Unilever Limited, shares his insights for managing present challenges posed by the pandemic and his focus on growth in 2021.
Japheth Jev, ACMA, CGMA, is the CFO at Triumph Power and Gas Systems Limited in Lagos, Nigeria, shares the strategies and tools he used to lead his finance team through the worst of the COVID-19 crisis.
Virginie Lafougere, CFO at Movember, shares how her team adjusted its budgeting approach and tightened spending to sustain its cause to improve men’s health globally.
Prabhu Sivabalan, professor of accounting at the UTS Business School in Sydney, discusses the inherent weakness in using budgets to evaluate performance and suggests quick wins to improve the budgeting process amidst COVID-19.
The coronavirus pandemic is forcing businesses worldwide to tightly manage their cash. Here are five critical steps to tackle liquidity stress in a crisis.
A forecasting and budgeting expert describes the forward-looking ways the finance function can help organisations better weather the coronavirus storm.
Steve Player, CPA, CGMA, the CEO of the consulting firm The Player Group, suggests that switching to rolling forecasts prompts you to plan better and ask strategic questions.