Consulting case studies

| Aug 01, 2014

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.

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

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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

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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.

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

Contact us

Vinay Couto
Senior Partner
Tel: +1 (312) 578 4617
Email

Rodger Howell
Principal, PwC's Strategy&
Tel: +1 (708) 267 0590
Email

John Plansky
Senior Partner
Tel: +1 (617) 521 8801
Email

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