Consulting case studies

Removing risk and waste by modernizing legacy finance operations

A major energy company improved its performance by making sense of hundreds of intercompany loans and the complex tax and accounting challenges they caused.

"...the client is saving time and reducing waste as it maintains its ongoing focus on quality."

Client challenge

To manage rapid growth and address problems with finance operations by:

  • Simplifying, standardizing, and automating financial operations
  • Analyzing and addressing relevant tax considerations
  • Building an accessible and universal financial platform

 

PwC's solution

Seek smoother finance operations by:

  • Deploying a cross-functional team to focus on Tax, Finance, and Technology
  • Creating a Web-accessible database to manage complex intercompany loans
  • Developing fast and accurate reporting tools to speed analysis and aid compliance

 

Impact on client's business

  • Accounting has sped up the generation of its interest accrual reports from two weeks to five minutes.
  • Treasury has decreased its loan file processing time by more than 80 percent.
  • Global visibility to  the database promotes transparency and error-free operations.

 

Published 8/2014


Contact us for a more in-depth conversation

Rodger Howell
Principal, PwC's Strategy&, Chicago
Tel: +1 (708) 267 0590
Email
John Plansky
Senior Partner, Boston
Tel: +1 (617) 521 8801
Email