Ray Welsh, Head of Product Marketing, FISCAL Technologies
Finance teams have been one of the most heavily impacted internal teams over the past year as the COVID-19 pandemic turned the way we work on its head. During this time finance departments in all industries have experienced immense pressure, with their financial priorities rapidly changing; the need to tighten the purse strings and shifting operational challenges becoming the most common changes. While successful businesses have always placed a firm focus on ensuring their finances are in order, this has never been more of a focus than over the past year, while also being more of a challenge.
The pandemic put further pressure on finance departments to ensure their controls were as strong as possible during a vulnerable period that saw existing checks effected by the move to remote working and an increase in fraudulent activity. Learning from these challenges will support the future requirements of greater resilience and agility.