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Planning in a crisis

How Modern Finance Professionals Have Risen to the Challenge

The global shutdown of economies and societies has had a profound impact on every business. No-one could have fully prepared for the speed and scale of upheaval this caused worldwide, so companies have had to respond with their own momentum to stay in control of their business. Since early April, FSN has been interviewing CFOs of global organizations among the Modern Finance Forum to see what strategies they are deploying to manage through the crisis.

In this article, Planning in a Crisis - Business Lessons from the Eye of the Storm, FSN’s Gary Simon sets out 8 key strands of their endeavours from which it is hoped that others can benefit. He also sheds a hopeful light on the how — with the right tools, strategy, and processes in place — opportunity still knocks.

What You’ll Learn:
• Eight critical lessons Finance should learn from the pandemic
• Why it’s critical to evolve your finance function today — and how to do it
• How some finance functions have found opportunity amidst the devastation

Download the article:

"Planning in a Crisis - Business Lessons from the Eye of the Storm"

Planning in a Crisis video interviews

Watch the full “Planning in a Crisis” video interviews to listen how your peers are facing the unique challenges in their respective industries and discover the tools they’re using and the processes they are managing to pivot their business towards the best possible direction.

*Planning in a Crisis is a program, led by Gary Simon, the Chief Executive Officer of FSN and sponsored by CCH Tagetik.

Gary Simon, Chief Executive FSN, shares ideas and best practices about what matters to provide business continuity while realigning plans during this turbulent moment. What are the most common dos and don'ts we should consider? What are Finance executives required to do to keep up with continuously changing market conditions? Discover more by watching the interview.

In this video, Michel Hofland, the Financial Controlling Director at URGO Group, shares how the Office of the CFO is anticipating risks —and even identifying opportunities — during this turbulent time. Watch the interview to learn how one of France’s leading healthcare groups is changing priorities and accelerating decision making to respond to every hurdle that comes their way successfully.

In this video, the Finance Director at the Institution of Mechanical Engineers, Sean Fox, shares his experience managing forecasts in Excel while trying to cope with ever-changing crisis scenarios. Watch the interview to learn how he’s trying to keep things simple to survive. 

KSC is a UK based Petrol Filling company that has been keeping the show on the road by executing its business continuity plan while dealing with less-than-ideal planning tools. In this interview, the company’s CFO, Gus Saggu, shares how he’s using Excel to check variances and keep his planning process organized.

Networked Energy Services Corp (NES)’s smart grid technology is used in nearly 40 million smart meters and other smart end devices around the world. In this interview, the company’s CFO, Layal Hassani, shares how she is able to re-prioritize the business based on a weekly and daily view on forecasts for their cash flows to be ready to act on different scenarios.

TitanX Engine Cooling is a Sweden based, global supplier of powertrain cooling solutions to commercial vehicles, now part of Tata Group. In this interview, the company’s CFO, Cedric Husling, shares how they are trying to improve flexibility in the supply chain while taking eyes opened on cash flows and reforecasting manually.

ZIM is an indian Pharmaceutical Product Manufacturing Company and innovative drug delivery solutions provider actively acting in fighting Covid-19 outbreak. In this interview, the company's CFO, Shyam Patro, shares how he is facing the lockdown of transport movement in the intra and interstate and the slowdown of production, and how is keeping up with the forecasting.

Cummins South Africa is a leading independent manufacturer of diesel engines. In this interview the company Controller Thulisile Mamba, focuses on some of the human aspects of COVID-19, in particular the challenges of keeping the finance team happy and motivated.