Financial transparency

Transforming your finance function – and enabling strategic, sustained performance
Transforming your finance function – and enabling strategic, sustained performance

Improved insight, performance and compliance—across the enterprise

For power & utilities companies these are not the simplest of times. Across the operating and regulatory spectrum, industry players of all sizes are facing a convergence of both slow-developing and fast-moving trends (a changing fuel mix, regulatory pressures, transitioning workforce, and more) against a backdrop of increased modernization, conservation and mobility.

Perhaps at no other time has it been more crucial for finance organizations to act quickly and decisively in preparation for what lies ahead. Yet many still wrestle with inefficient, manually intensive processes, disparate systems, and non-integrated data structures, which are proving increasingly onerous — and adding to the growing perception that finance is a cost center, rather than an enabler of value.

Turning the tide at this inflection point requires aligning finance with your company’s overall strategy — and emerging from the expected recovery a more flexible, cost-efficient organization.

Helping finance bring value as a strategic business partner

PwC professionals can help you deliver actionable management information with the application of our Connected Power & Utilities Model as our service foundation. This framework — built on leading practices from our industry experience and client engagements — focuses on linking financial performance, business strategy and operations to deliver the highest value possible, across three key areas:

  • Financial strategy — including cost efficiencies, smart data, tax accounting, a leaner finance function and strategic benchmarking for the greater organization
  • Financial and operational transformation —aligning processes, technology, tools and metrics with the overall strategy of the organization, and with focused solutions such as Oracle, SAP and PowerPlan-enabled transformation, “connected analytics,” financial shared services, finance transformation, and people, risk and capital management
  • Enterprise performance management — improvements in agility, efficiency and cost reduction through integrated budgeting, forecasting and profitability management; financial controls; and enhancements in reporting and regulatory compliance

PwC Power & Utilities: Making new connections

PwC is recognized around the world for our leadership, innovation, and service to the utilities industry. Our Power & Utilities practice comprises more than 4,000 specialists worldwide — and is backed by our world-class finance, technology, transactions and tax professionals.

We have the deep, real-world industry and functional experience, as well as state-of-the-art financial benchmarking and technology tools, to help you make value-creating connections between your operations and finance — and to industry best practices.

Contact us to learn more about how we can help you achieve cost savings and sustainable performance through financial transparency.