Accountants adapt and survive in year of radical change

As 2020 has seen more upheaval in the way accountants work than in the past decade, Workday’s Tim Wakeford looks at how finance departments have been the biggest adaptors in a year of digital transformation

2020 has been the perfect storm of crises. The pandemic has forced many businesses to make redundancies, furlough staff and put a halt to product launches and previous plans. Therefore, it comes as no surprise that Deloitte’s research reports that 89% of CFOs feel there is a high or very high level of uncertainty facing their business.

Yet it is in these times of crises that businesses depend on their core functions the most: finance (particularly accounting), human resources and legal. Often taken for granted as the administrative arms of companies, these departments are the backbone of business operations and are instrumental in steering companies through ongoing turbulence.

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