In line with ever changing governance needs, the finance function is constantly faced with enhancing its value contribution to the business, delivering information and maintaining effective controls, whilst at the same time being subjected to internal demands to reduce the cost of its operations. Such pressures create a challenging environment for the finance function.
Multiple pressures imply multiple roles for the finance function including:
- Scorekeeper - processing transactions and maintaining accounting records at low cost and delivering efficient month-end reporting processes.
- Communicator - explaining the business story to internal and external stakeholders.
- Diligent caretaker - assisting in effective operation of governance and control in matters of financial management and operations.
- Business partner - providing the business with insight and advice on competitive issues, developing strategy and plans, operating as business advisor and challenging the complexity of the business model.
If this is your situation:
- You want to reduce complexity, standardise and simplify the business model and finance function.
- You wish to establish an integrated governance framework.
- You need to understand the value drivers which impact business performance and align key performance indicators (KPIs) to business strategy to support behaviours in order to drive performance.
- You have to improve the efficiency of the finance team and develop the people.
- You wish to improve management information to align internal reporting to the way external stakeholders view the business.
- You want to leverage investment in Sarbanes-Oxley and move from 'project' mode into a sustainable process.
How PwC can help you:
We work closely with CFOs, Financial Directors and Treasurers to provide innovative viewpoints, independent advice and support in developing and optimising finance operations, in order to meet the changing requirements of businesses.
Services we provide include:
- Financial Reporting
- People and Organisation
- Working Capital Management
- Business Performance Management
- Standardisation and Simplification
- Finance System Selection
