Whether you are or aspire to be a CFO 2.0, the need to shift from scorekeeper to performance driver for your business has never been stronger. You’re expected to be future fit and step beyond traditional finance setup and capabilities; delivering on your organisation’s strategy as a business partner. Integrated Finance Managed Services enables you to meet this challenge; transforming your finance function and pairing it with industry leading expertise and technology. Integrated Finance Managed Services allows you to focus your efforts where it matters to achieve your business strategy, while PwC takes care of your technology, bookkeeping, compliance needs and improving your processes. At the same time we can help you to produce the insights that you need to help you to focus on the organisation's priorities.
What challenges arise?
Today’s climate is a paradox. More than ever CFO’s agendas are filled with initiatives to develop strategies, drive growth and transformation, provide insight, reduce costs and manage risks. Yet, they are held back by a lack of investment in supporting / scalable capabilities and technology; buried by the complexity of the regulatory and compliance landscape, legacy systems, process, data inefficiencies and administrative tasks.
When do these challenges arise?
In addressing the challenges of being successful your organisation leverages all possibilities to reduce administrative costs, improve quality and control, speed, transparency and enable finance teams to focus on providing data driven insights in their role as a business partner.
In practice, it takes valuable finance resources and upskilling to focus, plan and execute a re-design of finance workflows, using the latest technologies and deliver solutions where and when needed along this journey. Pooling of processes and the availability of dedicated process experts then become the decisive factors to overhaul transactional and decision support activities.
How can Integrated Finance Managed Services help?
Integrated Finance Managed Services disrupts traditional finance functions. It does this by placing advisors alongside your finance teams to generate insights while supplementing your book keeping and compliance requirements with PwC experts. The result is a finance operating model that allows your team to focus on what matters to achieve your business strategy, while being supported by a world class, cross competence and scalable finance team.
Integrated Finance Managed Services is enabled by leading pre-configured finance ERP platforms combined with proprietary PwC modules and industry packs. This combination provides you with exhaustive functionality and drives standardisation; enabling you to deliver data driven insights. Additionally, the pre-configured nature of the platform helps you to reduce implementation timelines, costs and risks.
Why PwC is well placed to help
By working with PwC you will be able to work smarter, faster and drive business strategy and growth. You will benefit from a proven approach in designing, implementing and managing a FaaS program which will provide lasting and beneficial change.
Including:
- Our world class expertise and execution across all areas of finance including tax, accounting, internal controls, as well as integration and transformation. Support and guidance from strategy to execution;
- A certified and pre-configured finance ERP platform (along with supporting infrastructure and add-ons);
- Our combination of global footprint and expertise of local requirements;
- Established delivery models, including global network arrangements and with Shared Service Centers.
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