Advisory Services provided by PricewaterhouseCoopers are designed to assist companies in finding solutions in the following business areas:
Business process improvement;
Financial management;
Assessment and management of IT risks, and assistance in selecting and implementing information systems;
Sourcing and use of financing from EU structural funds;
Developing the internal audit function;
Risk assessment and management.
Business process improvement
Our performance improvement solutions are based on a proven methodology that enables us to assess the potential of a business undertaking and help achieve long-term results in the following areas:
 | Cost reduction, focusing on the development of the supply function; |
| Revenue maximisation, by further developing processes of customer needs assessment and supply of services; |
| Efficiency improvement of key business processes and internal control mechanisms; |
| Effective management of major organisational changes (large-scale restructuring, process redesign, etc.). |
Financial management
We offer a wide range of financial management solutions, including:
| Review and improvement of financial planning and budgeting processes; |
| Development and implementation of cost management models; |
| Assistance in developing a treasury function and increasing its efficiency; |
| Improvement of management information, etc. |
Assessment and management of IT risks, and assistance in selecting and implementing information systems
IT risk assessment and management solutions are designed to help companies optimise controls and management of IT resources and ensure an adequate level of security without compromising performance efficiency. Such solutions cover security of IT systems, data management, access controls and management, business continuity planning, etc.
In addition, we provide assistance in IT systems selection and implementation throughout all the stages of selecting, implementing and further developing information systems.
Sourcing and use of financing from EU structural funds
We offer comprehensive assistance to companies, public sector organisations and other potential applicants in their attempts to obtain financing from the European Union's structural funds. Our services include:
| Advice on financing from EU structural funds; |
| Preparation of applications for financing from EU structural funds; |
| Preparation of reports on the use of financing received from EU structural funds; |
| Audit of the use of financing received from EU structural funds. |
Developing the internal audit function
An effective internal audit function requires deep understanding of business and adequate resources. Audit functions of leading organisations are not limited to identifying risks and ensuring compliance with prescribed requirements. We assist in establishing and developing an internal audit function to be in line with best practice. We also offer TeamMate
TM, a powerful electronic solution for internal audit planning, management and documentation.
Risk assessment and management
Due to the ever-increasing levels of competition and inevitable changes in the business environment related to the European integration, we see a major challenge for our clients to create and sustain shareholder value in the world of change, uncertainty and new opportunities. Such business environment requires an overall assessment of both risks or threats faced by companies and the newly opening opportunities. Thus, companies have to integrate their risk and value management processes at all management levels. We offer solutions that help assess these processes and develop the necessary infrastructure.
Risk assessment and management solutions also comprise compliance assessment (both regulatory compliance and compliance with in-house requirements of the company) and preparation of compliance plans and assistance in implementing these plans.
For further information about our advisory services please contact:
Vidas Venckus
Head of Advisory Services
Tel: +370 (5) 239 2300
Audrius Cesiulis
Senior Manager of Advisory Services
Tel: +370 (5) 239 2305
