The natural cycle of a growing company often includes adding more staff, expanding customer base and tapping new suppliers. However, COVID-19 disrupted much of this process and the way developing organizations can operate. As businesses transitioned to remote work environments at the cusp of the pandemic, additional challenges surfaced for corporate finance professionals who suddenly were working from less controlled networks and an immediate need arose to protect organizational financial processes, including the treasury function, against potential threats. The need for effective risk management is critical for finance professionals and that is especially critical now.

Put simply, working with customers and vendors or adding or changing employees and customers and vendor relationships to your…