When it comes to finance operations and transactional processes, organizations large and small are trying to strike a healthy balance between short-term cost reduction and longer-term strategy and planning. Operational improvements often involve large-scale re-engineering across multiple processes, such as procure-to-pay, order-to-cash and close-to-report; and the larger a company is, the bigger and more complex a review can be.
The answer to reducing costs and improving processes isn’t always obvious, but it has been our experience that successful companies typically embrace four core strategies: operational review, shared services, outsourcing, and sustainable cost reduction. The rewards of doing so can be significant.
How PwC can help
Our Finance practice has a great deal of experience working with organizations to improve their finance functions. Our team is comprised of people who have real-world experience working in large finance functions, and our knowledge and independence can help develop solutions for your business that are both practical and implementable. We can help with:
We have experience helping both private—and public—sector entities. Our solutions are not theoretical; they are practical and implementable steps you can take to improve the operations of your finance function. Contact us today to learn more.