The impact of the COVID-19 pandemic has been far-reaching. Many organizations are focusing on the strategic restart and ramp up of their operations. While there is still great uncertainty about what a coronavirus recovery phase will look like, it is essential for your organization to understand the scenarios you may face and plan your path back to growth.
Baker Tilly’s Value Architects™ are prepared to work with your organization now to chart a way forward that will enhance and maximize your value, minimize further disruption and keep your workforce safe.
Mapping your recovery roadmap will focus on several key planning dimensions which should be considered. These planning dimensions will also be key elements to your scenario modeling.
Access Baker Tilly’s up-to-date guide for an overview of COVID-19 stimulus package financial assistance programs and to help you identify which federal, state and local programs your business qualifies for.
Organizations have to consider a variety of effects that the COVID-19 outbreak may have on operations, employees and customers.
Our business continuity planning checklist highlights key steps in continuity planning, including risk evaluation and business impact analysis; continuity strategy and plan development; public relations and crisis coordination needs; and awareness and training program support.
Further business continuity services include:
Download our discussion guide for questions that will help your organization assess and identify key organizational considerations in business continuity and crisis management.
While not every crisis causes harm, an organization’s response can result in major business risks. Baker Tilly can assist boards and management teams as they develop effective strategies related to COVID-19.
Organizations must stress test their level of preparedness in an effort to ensure continuity of business operations, work to mitigate any potential impact, and prepare for possible further disruption from this and other crises. Boards must be proactive and increase their oversight to appropriate levels, especially because during times of crisis the opportunity for fraud increases.
Baker Tilly has developed a business continuity and crisis management discussion guide to help your organization assess and identify key considerations across the following areas:
Baker Tilly can apply its deep experience developing strategic enterprise risk management (ERM) programs to customize solutions that will reduce the chance of loss and maintain financial stability in the wake of COVID-19 disruption.
Due to the spread of COVID-19, companies should increase monitoring of invasive cyber events, given the likely increase in hackers sending out fake emails, website links and ransomware attacks.
Other things to consider:
COVID-19 is an unfolding and evolving event bringing uncertainty to every organization. Baker Tilly is ready to help you prioritize necessary actions and navigate your organization through these unprecedented and difficult times. We have developed specific insights and solutions to assist you in responding to volatility and building financial resilience
Financial resilience solutions:
Baker Tilly specialists understand your industry and how an unplanned event such as the COVID-19 outbreak can affect your organization, employees, customers and suppliers.