Insights – Coronavirus Response
2020 Disrupted: Five Essential Actions To Take Now
How to best protect and inform employees, defend financials, safeguard the supply chain, preserve cash, and fortify your infrastructure in the face of the global pandemic.Download Now
2020 Disrupted: Defend Your Financials and Prevail in the Next Normal
As you navigate the next normal, every company must balance costs for different revenue scenarios with the right financial gearing for the new economic reality. The typical company needs to reduce SG&A by 15%, which translates to $241 million in expense savings, to maintain their pre-crisis ratio of SG&A to revenue.
The Impact of Covid-19 on Planning
Expectations for a prolonged period of uncertainty make it imperative for FP&A organizations to update their approach to scenario planning now. Consequently, FP&A teams must exchange their
traditional bottom-up, granular approach with a top-down, high-level methodology and conduct the forecast at greater frequency.
2020 Disrupted: Fortify, Fast-Track and Invest in Your Digital Future
Technology has been a lifeline for minimizing the impact on business operations and processes. To prevail in the next normal, companies will need to rationalize current internal technology spending and fast-track their digital investments to deliver expected operational efficiencies in the medium to longer term.
An HR Checklist for Returning to the Workplace
As the crisis stage of the pandemic eases, companies must prepare to restore operations that were shut down or severely curtailed. Thorough planning, detailed communications with affected parties, timely training, and adjustments to HR policies and programs must be developed to protect employee health and safety. By using the checklist provided in these pages, HR will be well-prepared to meet the full array of people-related challenges that have emerged in this historic period.
2020 Disrupted: Preserve and Strengthen Your Cash Position
The global coronavirus pandemic has produced sudden and dramatic disruption. Seven cash imperatives can yield a significant, positive impact in the near term and can be catalysts for fostering a cash-aware culture in the longer term. In fact, our latest working capital study indicates the top 1,000 US companies now have over $1.3 trillion tied up in working capital.
Leading CIO’s 10 Effective Actions during COVID crisis
Find out directly from leading CIOs what are the most effective actions taken to minimize business disruption, keep employees safe and connected, and better position their organizations for what the future may hold.
2020 Disrupted: Safeguard and Build Resilience in Your Supply Chain
The Hackett Group’s latest analysis indicates companies will see revenue decline by an average of 21%, which represents COGS of $1.63 billion. Three imperatives can yield a significant, positive impact in the near term and can be catalysts for building a resilient supply chain in the longer term.
Keeping Up With Policy and Benefits Changes Driven by COVID-19
At the national and state level, governments are updating policies and benefits for workers and employers. Payroll and HR organizations should routinely scan trusted information sources to ensure compliance with all laws and recommendations. Featured: State-by-state guide to impact; interactive list of trusted information about federal/state legislation and recommendations.
An HR Checklist for Dealing With the Coronavirus Crisis
The coronavirus pandemic presents unprecedented risks to financial performance, business continuity, workforce well-being and corporate image. Decisive and empathetic leadership, agility in adjusting HR policies, and clear, timely communication are critical to managing successfully through this crisis.
Critical Actions for Rapid IT Cost Optimization
Most IT leaders had already factored slowing economic conditions and cost pressures into their 2020 budgeting. Nevertheless, IT leadership must be ready to reduce spending rapidly within the function and thus curtail costs at enterprise level.
Preparing the Company for Extreme Economic Volatility: A Procurement Perspective
As the coronavirus crisis becomes more and more disruptive for businesses, procurement organizations have the opportunity to be the glue that holds the enterprise together. Procurement organizations shared with us how the crisis is playing out in their industries, and how they have responded.
Navigating the Coronavirus Crisis
The unfolding coronavirus pandemic has thrown the world into a public-health crisis, resulting in major disruption of business and the global economy. Learn the five principal risks emanating from the crisis and its fallout, as well as risk management imperatives and corresponding recommended actions for each.
5 Workforce Resilience Indicators HR Should Track During the Coronavirus Crisis
For the next several months, businesses and their workforces will be subject to immense strain. It is important that organizations be vigilant about maintaining workforce well-being and productivity. HR should lead the charge by identifying and proactively monitoring key indicators of the physical and emotional state of employees and staying on top of issues that could impact their resilience.
How Covid-19 Accelerated Digital Transformation at Harvard Business School
The Covid-19 virus disrupted the primary business model of universities in early March, just as students left for spring break. In this interview, Harvard Business School CIO Ron S. Chandler describes a “brute-force digital transformation” that enabled a “minimum viable classroom” in just 10 days, with the potential to change the venerable institution’s business model for years to come.
Preparing the Company for Economic Volatility: A Finance Perspective
The coronavirus pandemic is wreaking havoc in the global stock market. While its ultimate economic ramifications are unknown, concerns about slowing growth and a recession on the horizon have deepened. CFOs around the globe must take steps to insulate their companies of the effects of instability.
IT on the Front Lines of the Covid-19 Response
Learn how the IT organization at Freeman Health System in Joplin, Missouri successfully supports the hospital’s efforts to battle the spread of Covid-19 and treat patients despite shortages of medical supplies and basic technology hardware. CIO Skip Rollins details his team’s efforts.
How Finance Can Become a Better Business Partner
A Q&A with Gaileon Thompson, who oversees all FP&A functions related to revenue cycle management at Conifer Health Solutions, about how finance can enable companies to survive and perhaps even thrive amid volatility.
Initial Lessons for IT From the Coronavirus Crisis
The coronavirus pandemic is wreaking havoc in the global stock market. While its ultimate economic ramifications are unknown, concerns about slowing growth and a recession on the horizon have deepened. CIOs around the globe must take steps to help insulate their companies of the effects of instability.
External Shocks Forcing Finance Agility Improvements
In this risky environment, organizations that move at the speed of change are more likely to maintain their competitive edge and produce superior financial results. It is incumbent on the finance organization to enhance its responsiveness to enterprise needs by creating an agile service delivery model.
Adapting Payment and Inventory Policies to Preserve Cash
The coronavirus pandemic has shattered supply chains and resulted in unprecedented changes to normal demand patterns. While the extent and time frame for the supply chain disruption happening across the globe are unknowable, a variety of actions can minimize the impact both on buying organizations and their suppliers of goods and services.
Just-in-Time Forecasting: Beyond Periodic Planning
The unprecedented nature of the coronavirus outbreak means that companies that haven’t yet adopted event-based forecasting are flying blind when it comes to assessing the financial ramifications of this sudden, unexpected, worldwide event. In the space of a few short weeks, budgets and plans created at the end of 2019 have become obsolete.
How Human Resources Can Rapidly Enable Productive Remote Working
Companies are suddenly undergoing a crash course in operating virtually as they move people with jobs that can be performed remotely from offices to home locations. Human Resources can play a pivotal role in helping employees and managers to manage work and/or dispersed teams as effectively as possible.
Responding to the Coronavirus Pandemic: An IT Guide
The global public health and economic crisis triggered by the outbreak of the Covid-19 pandemic has created an unprecedented set of challenges for companies. This comprehensive guide outlines critical actions for IT organizations to respond to the immediate and near-term repercussions. (Registration required)