TORONTO, February 13, 2012—PwC was placed in the leaders quadrant in the 2011 Gartner Inc. Magic Quadrant for Financial Management Consulting Services*. The report evaluates 10 global consulting firms with expertise in the business and technology industry markets. Firms are assessed upon two criteria: completeness of vision and ability to execute.
According to the report, those positioned in the leaders quadrant are performing well today, with a clear vision of market-building competencies to sustain their leadership position in this space. The consultants in this quadrant generally share superior market understanding, vision, comprehensive methodologies and road maps. They have the global geographic reach to support their on-site clients and have well-communicated and well-marketed sales offerings. They also have the ability to advise regulators and assist financially stricken leading businesses in crisis.
“PwC Canada has built a strong reputation as an advisor to regulators and within the public sector,” says Kishan Dial, Consulting Partner and National Finance Leader, PwC Canada. “We have developed our own set of tools and methodologies, but it’s really our deep understanding of our client’s business environment that helps us develop the right solutions to solve their business challenges.”
Understanding the framework of financial transformation plays a key role in improving a client’s overall business strategy and can have an impact in the Magic Quadrant report. PwC incorporates this framework by focusing more on business "insights" and planning rather than relying solely on transactional methods. This conversion relies on technology, people and processes in order to succeed.
“The finance environment is no longer limited to just the finance function,” says Mr. Dial. “It has expanded to include all aspects of the organization’s different business functions, including information on sales and revenue from its supply chain, sustainability reporting and risk management factors. Companies are becoming more dependent on the use of technology in combination with advisory services to provide cost savings and process improvement.”
To ensure financial transformation is executed effectively and meets client expectations, PwC is continually improving its efforts in the following areas: value-added decision support and analysis; alignment between the finance vision; transaction processing efficiency; governance and data management processes; alignment between internal and external stakeholders; and creating a scalable finance operating model.
Gartner's Magic Quadrant research methodology provides a graphical competitive positioning of four types of technology providers, where market growth is high and provider differentiation is distinct: Leaders, Visionaries, Niche Players and Challengers. Clients use Magic Quadrants as a first step to understanding the technology providers they might consider for a specific investment opportunity.
For more information, please visit www.pwc.com.com/ca/finance.
*Gartner, Inc., Magic Quadrant for Financial Management Consulting Services, Jacqueline Heng, December 19, 2011.
About Gartner's Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About PwC Canada
PwC Canada helps organizations and individuals create the value they’re looking for. More than 5,700 partners and staff in offices across the country are committed to delivering quality in assurance, tax, consulting and deals services. PwC Canada is a member of the PwC network of firms with close to 169,000 people in 158 countries. Find out more by visiting us at www.pwc.com/ca.
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