Financial Management

Local government challenges

• Finance function effectiveness
• Revenue enhancement and inaccurate billing
• Cash flow
• Cost management
• Supply chain management
• Contract management
• Reporting to multiple stakeholders
• Management reporting, business intelligence and decision support
• Performance reporting
• Year end closure and financial statements

PwC proposition

Financial management and administration is a core PwC competency. We are proud to commit to work with municipalities in dealing with their financial management challenges by:

• Evaluating the effectiveness of municipalities’ finance functions in supporting the delivery of the core local government mandate
• Assisting municipalities to implement structures, process, technology and skills development to enhance revenue
• Advising on costing methodologies, associated technology, sustainable cost management and tariff determination
• Guiding municipalities on best options, methods and systems to forecast and manage cash flow
• Advising on best options for supply chain management to ensure compliance and efficiency to support service delivery
• Providing contract management solutions aimed at reducing municipalities exposure and optimising benefits
• Working with municipalities to reduce the administrative burden of reporting to multiple stakeholders that require similar information for example the various Regulators, National Treasury and other Governmental Departments
• Advising on dash boards, KPI’s and appropriate decision support and business intelligence to enhance service delivery and management
• Providing best options to enable performance reporting relative to municipal wide performance in executing the SDBIP cascaded down to Section 57 managers and staff
• Providing innovative solutions to reduce the time taken to effect year end close and to improve the quality of annual financial statements