Nowadays, organisations expect finance functions to be the guard of order and good corporate rules, financial discipline and best business practices. Finance managers face a dilemma, not being certain to what extent they should concentrate on delivering added value to their business and to what extent they should meet the requirements of best practices and standards. One thing, however, is certain: nowadays, in a dynamically developing environment, where cost pressure becomes a norm, the financial function in an organisation should strongly demonstrate its added value to business and identify opportunities for improving financial performance. Many financial managers from leading organisations are currently working on changing the role of finances in their organisations – from being traditionally perceived as having a supporting function to the role of a business partner. Assuming the role of a business partner allows the finance function to focus on delivering added value, supporting and consulting the decision-making processes and limiting its involvement in typical transactional information processing and reporting.
How can PwC help your company?
PwC has vast experience in helping its clients formulate an appropriate approach to introduce financial function changes. With our help, financial function will start to mutually influence control elements, costs and efficiency in direct relation to the business strategy and at the same time will help create a structure and culture that react to changing conditions.
We assist our clients in improving the efficiency and productivity of finance and accounting. Our knowledge and experience in finance and accounting as well as our organisational and technical know-how can help improve basic competence in processing and reporting and enforce the finance function in supporting business decisions and organisation strategy development.
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