PwC Consulting LLC supports CFOs, controllers and treasurers to optimize their finance functions to improve the overall contribution to the business. We structure our support to ensure that finance addresses the challenges of achieving appropriate standards of control and efficient back office operations and supports the business with proactive advice and insights. Balancing these competing priorities will continue to challenge finance functions for years to come.
Being accountable to the business and the financial community, CFOs have put compliance and control at the top of the agenda. For many, responses have been tactical rather than strategic. More deeply embedded, sustainable and modernized solutions are now required to respond to future regulatory changes.
The pressure to release resources and capacity has never been greater. Sustainable gains may come from the elimination of redundant activities, consolidations of activities (e.g. shared services), standardization and automation of processes and other uses of Lean methodology.
Insight involves delivery of an effective performance management framework, understanding the key business drivers and challenging and supporting business decisions around these drivers. Equipping finance to deliver effective support on these aspects requires tools and capabilities such as Enterprise Performance Management (EPM).
PwC Consulting LLC (PwC) assisted in transforming a global financial planning process as follows:
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