Finance Transformation Assurance

Successful transformation of your financial processes and systems requires security and trust

Security through Finance Transformation Assurance

Every transformation brings countless opportunities, but also uncertainty and risks. PwC’s Finance Transformation Assurance team supports you during or after the implementation of SAP S/4HANA and other new ERP systems. We ensure that your financial and business processes, the conversion or migration of your data and the internal control system meet the highest auditing standards. We provide the professional and technological know-how and experience required for the risk management and quality assurance of your projects. 

Together, we create trust in your finance transformation.

What is Finance Transformation Assurance?

Our services focus on changes in our clients’ financial processes. Most of these changes involve ERP systems, IT and business processes and the internal control system. Throughout your project, we offer assurance and consulting services so that, together with you, your finance transformation project creates sustainable value for your organisation.

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«Finance Transformation Assurance means supporting you in every step of your finance transformation and ensuring the quality of your controls, systems and processes. We create trust in your transformation process and the changes this entails.»

Jens SumlakDirector, Finance Transformation Assurance, PwC Switzerland

An independent review of your Finance function's transformation

Digitisation, forward-looking business models and technological innovations are changing every aspect of your Finance function. The introduction of new IT and ERP systems is challenging and complex: risks must be identified, regulatory and audit requirements met, internal controls optimised and costs reduced.

Are you looking for a partner who can guide you through your finance transformation, provide an independent assessment of the quality of your ERP implementation project and planned data migration, ensure your audit readiness and compliance, and provide an up-to-date internal control system – so that your transformation program creates real added value? Our Finance Transformation Assurance team safeguards the quality and success of your transformation.

From ERP implementation to data migration – we support your projects with a focus on compliance

Our Finance Transformation Assurance services are tailored to your exact needs. We show you what your quality assurance needs to cover.

How we support you

Compliance and trust in the transformation of your financial processes

Quality assurance of your SAP S/4HANA implementation or other ERP systems

The implementation of a new ERP system like SAP S/4HANA marks a significant change in the accounting system. With our project audit focussing on the finance-related processes, we support you in the quality assurance of your project and ensure compliance with the generally accepted accounting principles and the audit readiness of your system implementation. We offer various 'deep-dive' options (focussing on concepts, data validation, access rights, internal controls, etc.).

If required, we audit your system implementation along with your project and express an opinion in accordance with international auditing standards (e.g. ISAE 3000). We create trust for your stakeholders with our Trust and Transparency Solutions.

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Data migration and data validation

In our capacity as auditors, we support your data migration journey from concept to implementation and help you ensure the completeness and accuracy of your migration. When needed, we can assist you with our automatic real-time data validation solution and take over the time-consuming, manual validation steps for you. This saves you time, increases data quality and prevents errors during the migration to production. In addition, we ensure your audit readiness.

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IT risk management and IT resilience

We identify your IT risks and co-develop with you appropriate governance and risk management processes and associated control frameworks, such as for IT General Controls. We assess the maturity of your IT risk management and conduct an integrated risk, compliance and/or incident response audit according to your needs.

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Internal control system: modern and automatic

An internal control system (ICS) is an effective measure for minimising risk in your company. We support you in setting up, evaluating and operating a modern, automated ICS with the help of tried-and-tested methods like data analyses and tailor-made advisory services. To make sure your ICS remains agile and flexible, we pay special attention to the latest developments in digitisation and to the constantly changing regulations.

You might also be interested in our article on how to leverage your S/4HANA implementation to digitise your internal control system.

Are you a start-up and need support in achieving Sarbanes-Oxley (SOX) compliance? We have the expertise and experience to support you on your journey to SOX readiness.

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Control and optimisation of finance-related business processes based on your data

With data-based insights and Process Intelligence, we support you in optimising your finance-related business processes. This analysis creates a completely new understanding of what is really happening in your organisation. We help you to achieve rigorous control of processes, increase the transparency of the actual processes and recognise deviations from the specifications of the internal control system (ICS).

We apply the same approach as part of our annual audits. Please see the following article for more information: Process intelligence in digital audits

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Our experience

Our deep and broad expertise in various industries and our many years of experience coupled with the latest technological know-how enable us to support complex finance transformation projects and ensure their quality and compliance with regulatory requirements and audit standards.

Our successfully completed projects include:

  • Ensuring the completeness and accuracy of a S/4HANA data migration and the assessment of the process controls at a global logistics company.
  • Technical support for the validation of the data migration, the development of the required validation steps and the training of the control owners as part of a global S/4HANA implementation at an energy company.
  • Definition of the assurance roadmap and integration of business process controls as part of the finance transformation of a global industrial group.
  • Auditing and benchmarking the maturity of the internal control system in the purchasing process based on data analyses at a global biotechnology company.
  • Implementation of internal controls and risk management in connection with the change of ERP of a retail trade group.

We look forward to hearing from you to discuss your specific challenges and needs.

Contact us

Jens Sumlak

Jens Sumlak

Director, Finance Transformation Assurance, PwC Switzerland

Tel: +41 58 792 56 22

Antoine Wüthrich

Antoine Wüthrich

Leader ERP & Business Process Excellence, PwC Switzerland

Tel: +41 58 792 82 27