The global pandemic notwithstanding, digital initiatives in the finance and accounting function have not universally succeeded due in part to non-standard processes and an evolving and complex technology landscape.
Amid the COVID-19 crisis, the need to digitize finance processes has gone from nice-to-have to mandatory. Given the uncertainty surrounding the virus, finance organizations should do the following to get through the near term as well as to prepare for new world realities after the crisis recedes.