In today’s dynamic business environment where competitive cost pressure is the norm, it is becoming increasingly important for Finance Functions to demonstrate their value-add skills to businesses and identify the bottom line growth opportunities. At the same time, Finance Functions are expected to be flag bearers who advocate good governance, financial discipline and best practices in the organization.
PwC is on the top, providing advice and assistance to Chief Financial Officers (CFO) around the globe and in India. PwC India can help increase the effectiveness of your finance function.
Our Services:
Process Improvement & Global Best Practices:
- Assessment of existing process flows from a cost, quality, efficiency, technology and control perspectives (PwC Finance Function Diagnostic)
- Identification of standardization/improvement/reengineering opportunities and redesign of processes including incorporation of best practices
- Quick wins
- Cyclicity/peak-load balance
- Process KPI’s and measures
- Key process flow bottlenecks
- Benchmarking and Global best & next practices
- Organisation structures
SmartClose:
- Improving the record to report cycle by improving the time to close books and expand the breadth of reporting
- Development of MIS/reporting dashboards to continually monitor process efficiencies
- KPI’s to be measured
- Target performance levels defined by time-periods
- Frequency of capture, frequency of reporting
- Data source
Shared Services Advisory:
- Obtaining economies of scale through standardization, re-engineering, and consolidation of processes
- Managing costs, providing better services, leveraging information more effectively, and allowing business units to focus on their main tasks.
- Enhanced customer service focus due to “center of excellence” approach
- Leverages specialist skills
- Frees up management to focus on business issues
- Improves decision support
