turning risk management into advantage 🧭

SYSTEMS & FINANCE FUNCTION EXPERT 🛡

PROCESS IMPROVEMENT WIZ 🔝

About

Key finance person risks exist in all organisations, and often the impact of dependencies is not felt till the key person leaves the organisation.

Effective planning to reduce key finance person dependencies is imperative to avoid disruption to finance business processes and impediments to business growth.

Key finance person risk is the risk to your finance team operations if the Head of Finance is out for an extended period of time and for any reason.

It might be a months-long absence due to a serious health-related reason. It might be a permanent departure because they were poached by one of your competitors. Regardless, losing them will limit or halt your finance operations and could negatively impact your company’s bottom line.

Up until February 2020, a key finance person risk strategy was a nice-to-have feature of business planning. Something is on the minds of business leaders everywhere, but seemingly a little too distant to take widespread action.

However, like many things, COVID-19 altered the definition of key finance person risk. And instead of a distant, nice-to-have feature of business planning, it’s now a more direct and immediate threat to all businesses.

turning risk management into advantage 🧭

About

HOW CAN WE HELP

Proud Member of

turning risk management into advantage 🧭

About

HOW CAN WE HELP

Proud Member of

This website uses cookies.