ALM Intelligence names PwC as Best in Class for Project Management Across the finance operations function, there is pressure to “reduce costs, improve risk management and forecasting and optimize operational efficiencies.
No Match Found
World events along with technology advances are combining to give the finance function its time to shine. As you look to automate repetitive processes, better partner the business to drive insightful decisions and recruit new analytic resources needed to upskill the finance function, you require a holistic view of what’s needed and the best options available to address those needs. Finance Transformation helps you continually adapt to meet the latest demands and unexpected challenges that come your way.
It’s time to look at your finance function through a new lens - strategically design processes that leverage automation to meet transactional and reporting requirements and layer in business insights to identify opportunities and deliver value.
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Move from transactional processing to strategic, actionable insights. PwC’s expertise, services and solutions help you accelerate your finance transformation, no matter where you are on your journey.
The pandemic has accelerated most finance teams’ digital transformation journey. Not only does technology help with the ability to work remotely, it also aims to increase efficiency by taking away the mundane tasks, freeing up finance professionals’ time to perform value-added activities such as insights generation and exception management.
Investment in technology is the top on the list for most CFO’s investment plans. In a recent global PwC survey, 73% of CFOs surveyed said that the digital transformation of finance divisions is a high priority for them.
In the next 5-10 years, CFOs are expecting a shift of priority in the Finance teams, from a scorekeeper to a Business Partner. To achieve this, CFOs arguably need to place more emphasis on improving decision-making that will help make their finance function better in forecasting and planning for the future, as well as data-based forecasts for to better support strategic business decision.
In our recent PwC Pulse Survey, business partnering is the top 2 priority of CFOs in 2022. 50% of the global CFOs surveyed have cited establishing finance as a business partner across the enterprise as their top priority. This is followed by 48% of global CFOs prioritising the building of predictive models and scenario analysis capabilities for financial planning and forecasting.
Use digital innovation to automate transactional processing and enable strategic, actionable insights.
A world-renowned university successfully implemented a cloud-based travel and expense management system, SAP Concur.
With PwC’s support, the system focused on improving the user experience by streamlining processes and gaining better control and insights on spending across the university.
ALM Intelligence names PwC as Best in Class for Project Management
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Finance Transformation Leader, South East Asia Consulting, PwC Singapore
Tel: +65 9675 4169
Partner, South East Asia Consulting, PwC Singapore
Tel: +65 9622 5841