Digital disruption and a rapidly changing operating environment are challenging the finance function to go much further than ever before.
Some CFOs and their teams are already taking financial data and applying finance technology such as advanced analytics and model predictive control to extract value and insight that will improve the performance of the entire business. Process automation and excellence are enabling finance operations to run much more efficiently, freeing up resources to concentrate on truly value-adding tasks.
Where are you on this journey? Is your finance function ready to be a catalyst for transformation in your business? Is your business ready for finance to take on this new, more strategic and forward-looking role?
We’ll help get you from where you’re at now to a finance function that adds value to your business. Day by day.
Your finance transformation in 7 steps. Start anywhere. Finish first.
Wherever you are on the journey, we’ve designed our finance transformation solution to help you tailor and accelerate your transformation on the basis of your goals. The service spans seven offerings focusing on the key components: people, processes and performance.
Your transformed finance organisation has humans and machines working side by side in a structure combining digital workforce, shared services, centres of excellence and business partnering. Teams operate virtually using agile flow to work models to optimise service delivery and drive organisational agility.
Your finance culture fosters curiosity and continuous improvement, and your people are digitally fit. They’re building a set of skills including influencing stakeholders, storytelling, change and leadership abilities ‒ all underpinned by new digital capabilities.
As you progress with finance transformation, your processes are increasingly standardised, automated and simple to operate. Automated workflows are enabling improved efficiencies and effective escalation.
Finance transformation involves enabling new digital finance capabilities using cloud ERP and digital solutions underpinned by connected, relevant and trusted financial data.
As your finance transformation progresses, automated controls are embedded into your end-to-end business processes, with AI enabling a shift from detective to predictive controls.
Your transformed finance operations harness AI and machine-learning models to deliver real-time, predictive planning forecasting and strategic insights that define the actions that should be taken to drive business performance. Dynamic scenario modelling gives rapid clarity on risks and opportunities.
As the role of finance is transformed, business partners increasingly use real-time and connected data to provide actionable strategic insights to drive commercial decisionmaking and business performance. With these capabilities in place, you’re well on your way to an insight-led advisory function.
Fascinated by financial transformation? To explore specific areas or key issues in more depth, check out our experts’ blog posts, podcasts and themed publications.
Julie Fitzgerald Wieland
Partner and Leader Finance Transformation and Growth & Markets, PwC Switzerland
Tel: +41 58 792 26 80
Advisory Director, Leader Finance Transformation, PwC Switzerland
Tel: +41 58 792 15 76