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Finance transformation

Our Finance Transformation Integrated Solutions (FTIS) team is well positioned to help our clients navigate these uncharted waters and emerge stronger than before. 

The impact over the last eighteen months of multiple industries’ volatility and contractions, global health crises and economic shocks have significantly impacted our clients’ personal and professional lives, as well as the short-term and long-term financial viability of organisations.

Two colleagues talking about PwC's finance transformation services
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Issues you may be facing

  • Your finance function is being called on more to drive insight and navigate future uncertainty and your ability to plan and flex different scenarios quickly and with confidence is limited.
  • You are seeking to reduce the costs and improve the efficiency of the finance function.
  • You are trying to align finance with the business to provide an effective performance management and challenge mechanism.
  • You are concerned about having the appropriate balance of controls and ensuring that they are not constraints to the business.
  • You are setting up shared services and outsourcing arrangements and are keen to ensure sustainable benefits.
  • You are not satisfied with the capability, expertise and experience within your finance function.
  • You need to eliminate non-value-added activities from transactional finance processes.
  • You lack the ability or have low confidence in your finance systems to provide you with accurate real time information.
  • Compliance with regulations and reporting standards is driving up the cost of the finance function, or you have to prepare information to satisfy requirements outside of your normal systems and processes.
  • Your finance function is not positioned to assist with your organisation’s future growth.

 

How we can add value

We assist businesses with:

  • Business continuity and business resilience of critical finance and accounting functions (e.g., financial close, cash management, etc.), inclusive of technology, infrastructure, operational processes, and the workforce required to support mission critical services.
  • Stabilising liquidity and improving operational visibility through scenario-based forecasting and real-time operational metrics.
  • Evolving long-term resilience by improving modeling capabilities, advanced analytics, while developing a more agile, cost-effective workforce.

Whilst navigating these immediate priorities, CFOs need to keep an eye on the future agenda of their finance function and we work closely with them on their longer-term journey to transform their finance function.

 

Finance Agenda icon

7-point Modern Finance Agenda 

Our 7-point Modern Finance Agenda supports the CFO by outlining the transformation imperatives to be addressed  on the modern finance journey:

  • People (Finance workforce of the future)
  • Finance organisational structure (optimal ways of working and structure)
  • Process (process excellence, efficiencies and automation opportunities)
  • Automated and predictive controls
  • Performance (leveraging data to drive real time insights)
  • Technology (embedded and enabling - Cloud, ERP and digital platforms)
  • Finance business partnering (solutions that respond to issues identified)

 

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Contact us

Grant Searle

Grant Searle

Director: Finance Transformation Integration Solution leader, PwC South Africa

Tel: +27 (0) 519 3332

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Taryn Salida

Taryn Salida

Director | Finance Transformation Driver, PwC South Africa

Tel: +27 (0) 522 8121

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