Tools that automate the Financial Reporting

Challenges solved with technology

The success of a company consists of the success of individual people responsible for various tasks.
Shortening the preparation of numerous internal and external reports as well as accurateness and consistency of the data contained therein provide high business value for report drafting teams as well as users of these reports.
That is why, with the help of technology, PwC has created a number of solutions ensuring the efficiency of an organization. 

• SmartCube - System for consolidation and reporting

It supports the consolidation of financial statements and automates financial and non-financial reporting. Centralised database enables easy on-line access, and effective data and collection process management. It supports finance teams in multi-currency groups ensuring efficient and well organised consolidation process based on a single, cost-effective solution also with on-line access. It automates the whole process, starting from data gathering and storing, through consolidation, up to final reporting. It mitigates the risk associated with data updates and management and eliminates bottlenecks in consolidation process.

• myIFRS9 - A tool to assist on IFRS 9 analysis and calculations

It is a guarantee of easy, fast and correct data updates in reports created in MS Word on the basis of external data sources (MS Excel) for the purposes of financial, management, IPOs or other periodic reports.

• myReporting - A tool to support reporting in MS Word 

It is a guarantee of easy, fast and correct data updates in reports created in MS Word on the basis of external data sources (MS Excel) for the purposes of financial, management, IPOs or other periodic reports. 

• myLease Manager - A fast track to IFRS 16

Is an application for managing lease contracts and calculating liabilities, right of use asset, interest, and depreciation in accordance with IFRS 16. It enables a quick collection of and reporting on all critical accounting information, for a full compliance with the new standard.

• enforce® - Risk management application

Is an integrated and flexible system which enables comprehensive risk, compliance, and internal audit management.It supports implementation of and compliance with the GDPR.
Its intuitive nature ensures an easy data collection and access, comprehensive management of tasks and processes, as well as transparent reporting of all the GRC-related critical information directly to the risk management, compliance, and internal audit teams, as well as to the board and audit committee.
enforce® utilises best industry standards and practices. It helps build company’s resilience by enabling quick information about risks as they appear, and about their influence on the company.