What does it take for Chief Financial Officers to excel today? With the global economy struggling to regain its footing, finance chiefs face very different challenges from the ones they confronted just a few years ago. Conventionally, the CFO provides leadership, manages risk, ensures regulatory compliance and seeks to maximize profit. Macroeconomic volatility, marked by recession and currency crises, has expanded the role into areas well beyond financial risk management and planning.
In addition to safeguarding the fiduciary well-being of the organization, the CFO now commonly serves the CEO in a greater advisory capacity, participates in strategic planning and takes greater control of procurement duties. These changes call for a flexible, transparent finance model that makes it easier to respond to stakeholders, minimize risk, capitalize on growth opportunities and achieve tangible results quickly and with a greater degree of certainty. CFOs can only excel if they have a deep understanding of what drives their companies’ performance and make the right investments in people, systems and new operating structures in order to adapt to new challenges.
PwC provides deep real-world industry and functional experience as well as peer group benchmarking of financial metrics to help you simplify the identification of performance gaps, capitalize on the power of data-driven decision making and move quickly towards a more efficient, cost-effective way to do business. We offer solutions and tools to help CFOs succeed in an evolving role.
Identifying and executing strategies to reduce functional and operational complexity within finance across the process, people, organization and technology dimensions, to deliver efficient, high-quality services to all stakeholders.
Translating strategy into sustainable performance through budgeting, planning, consolidation, reporting and analytical solutions to provide accurate and timely business performance information.
Aligning skills and competencies with the organization’s strategy and stakeholder needs, and consolidating low-value finance processes to reduce costs, increase quality, and improve consistency and productivity. Establishing Finance as a proactive, strategic business partner providing internal and external customers with value-adding, cost-effective services.
Comparing performance against leading companies through peer group benchmarking of financial metrics and processes to identify performance gaps and improvement insights.
Maximizing return on transactions including pre-deal diligence and day one planning, post-deal integration, carve-out or separation planning, IPO readiness and restructuring.
Realizing sustainable margin improvement and cost reduction to maintain a competitive advantage and improve visibility into critical cost drivers.