A New Normal for Finance and Accounting
COVID-19 has thrown us all for a loop – and it’s required businesses to shirk traditional norms of operation and resort to a survival mentality.
Standard in-house processes, procedures, and controls have been replaced by emergency measures. We’re all struggling to adapt and cope with a turbulent economy.
But as the saying goes, necessity is the mother of invention.
COVID-19 forced us to invent new ways of doing things to stay viable and sustain our business models – and it will continue to impact our economy and business operations for months to come.
As finance professionals, you’ve built your careers around mitigating risk and uncertainty – so this state of continual change may be even more challenging for you and your teams.
Luckily, with a few months of this “new normal” under our belts, we have the tools to take the lessons we’ve learned and reimagine finance and accounting processes, procedures, and controls.
Join BlackLine for a complimentary webinar on Tuesday, July 28th to discuss the future of finance and accounting. We’ll talk about how to create a structure that combines “in-house” and “in-home” methods to boost productivity and profits in an uncertain economy.
We’ll discuss updated best practices for:
- Delegating authority and empowering employees to stay accountable from home
- Transitioning A/P and other cash-related processes from manual to paperless
- Creating a transparent internal clearinghouse to monitor internal processes and spend
- Providing clear summaries of the organization’s financial performance to stakeholders on a regular basis
- And more!