Finance Transformation

Finance must lead from the front in driving efficiency and effectiveness and drive to value creation

The finance function within organisations is standing at a crossroads, compelled to undergo profound transformation amidst unprecedented market volatility. As global economic landscapes shift rapidly and uncertainties loom large, the traditional paradigms of financial management are being challenged like never before.

We support you on your finance transformation journey across three critical dimensions: people, processes, and performance. The urgent need for transformation is underscored by the economy’s “new normal” that demand a new approach to finance-led strategic decision-making.

Finance professionals are tasked not only with navigating complex regulatory environments but also with harnessing emerging technologies to drive efficiencies and unlock actionable insights. This journey towards a data-driven, technologically empowered finance function is essential for organisations to navigate uncertainties, capitalise on opportunities, and stay ahead of the curve.

Is your EPM strategy up to date? 

Solutions that enables you to align business strategy with business execution and is supporting the achievement of company goals along the management cycle:

• Strategy operationalisation by aligning group, divisional and functional strategies and by developing targets for the annual plan based on value drivers
• Annual (budget) plan development and target validation
• Smart financial close and consolidation
• Enterprise performance reporting providing comprehensive management reporting and decision analytics to steer the business

EPM brings insights from data generated multiple sources across the organisation. By visualising the right data, you can quickly glean the right insights (KPIs), define actions to increase profitability or respond with resilience to unexpected change and disruption.

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Seize the opportunity to transform

Operating in a challenging environment requires future-proof processes. In the face of change you need the ability to adapt, embrace innovative technologies and think creatively. There’s no more solid or versatile foundation than the new SAP S/4HANA platform.

Whether you’re seeking to harmonise processes across the organisation, go back to standard SAP functionality, optimise processes in pursuit of excellence or upgrade your ERP system to continue enjoying SAP support, adopting the new platform is a creative opportunity. We at PwC have the supply chain and operations transformation capability to help you make designing and implementing S/4HANA into a process of transformation. The outcome: lasting value for your entire business and its stakeholders.

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Forces shaping today’s corporate treasuries

Volatile market conditions are constantly altering the risk landscape in which companies operate. This not only poses a challenge to their financial health, but also increases the pressure on both treasurers and CFOs to stay on top of current and emerging issues. These include increased inflationary pressure and rising interest rates, exchange rate volatility, changing regulations or rising commodity prices. Because of its vital role in managing such demanding conditions and its effective response to it, corporate treasury has evolved into a strategic partner both to the business and the CFO. 

Seize this opportunity to reposition your team and create sustainable value throughout your company.

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Driving transformation through insight and fueling real innovation and change

At PwC, we believe sustainability reporting is not just an instrument – it's a catalyst for transformative change. We are at a crucial juncture where science has been guiding us towards necessary actions for four decades, yet progress has been insufficient. It's time for a significant upgrade.

Our mission is to incite action through reporting. The idea of "disclose, and the market will take the best choices" rings true as we recognise the power, demands, and expectations of investors, society, regulators, and customers. Sustainability reporting serves as the primary tool for disclosing your engagement in sustainability, paving the way for the market to respond. What’s more, reporting is not the end of your sustainability actions, but the starting point for progress, innovation, and change.

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Empowering financial excellence for the future

In today's rapidly evolving business landscape, organisations need to harness the power of artificial intelligence to transform and optimise their finance function. We offer a comprehensive suite of capabilities that empower organisations to unlock the full potential of their financial processes, optimise performance and achieve sustainable growth. Including AI driving finance transformation across the finance function:  

• With AI capabilities organisations enhance predictive models for real-time monitoring, forecasting, and scenario analysis. By integrating financial, operational, and commercial data more effectively, CFOs gain valuable insights that drive informed decision-making. AI language models can help analyse and interpret forecasted data, presenting it in simple English for easy understanding and communication across the oganisation.
• Automation of controllership activities assists the drafting of financial reports and automating tasks like reconciliations and journal entries. This streamlines month and quarter-end reporting, freeing up valuable time for finance teams to focus on strategic initiatives that drive business growth.
• AI plays a crucial role in risk management. AI algorithms enable continuous monitoring of transactions and anomaly detection, empowering teams to identify potential issues immediately and take proactive measures to mitigate risks effectively.
• Treasury management is enhanced through AI-powered cashflow forecasting, providing organisations with accurate insights into cash and liquidity management. By leveraging AI-assisted bots, financial risk management becomes more efficient as they extract valuable insights from underlying data, enabling Treasury teams to make informed decisions and manage risk effectively.
• AI also plays a significant role in payments processing, detecting anomalies and outliers based on patterns to minimise risk and ensure smooth transactions. Tax compliance and reporting are streamlined through automation driven by AI, allowing for greater agility and freeing up time for more strategic tax activities.
• Investor Relations benefit from generative AI, which assists in drafting investor materials, analysing competitive data, and preparing earnings scripts. This empowers finance teams to focus more on strategy and stakeholder engagement, driving investor confidence and organisational success.

With our AI-driven Finance Transformation services, organisations can embrace the future of financial excellence. Transform your finance function with our AI-powered solutions and stay ahead of the competition.