Which finance initiatives are truly worth the effort, and what are the best ways to approach them? These are the questions that PwC, in partnership with the Grocery Manufacturers Association (GMA), aims to answer in our 2019 GMA Finance Benchmarking report.
GMA finance functions are implementing a wide range of roadmaps, aimed at improving their own efficiency, cutting costs and supporting the business. Leading practices for building a roadmap include:
“Finance teams are responsible for the firm’s information supply chains driving operational focus to the highest-value opportunities and most challenging risks. It’s also up to finance to set an example for cost efficiency. These goals may seem to conflict, but with the right roadmap, they converge instead.”
When it comes to choosing the right initiatives to include in the roadmap, it is advisable to align closely to the business’s needs, even when considering initiatives that focus primarily on the finance function’s own operations. While many initiatives have proven to create great value, we recommend GMA finance functions consider the following initiatives as they build or refresh their roadmap: