officer, you might face a complex, constantly changing business environment.
Setting up a flexible Finance Function can help you grow and manage your costs
...
www.pwc.lu/consulting
Finance Function Effectiveness
Transform and Optimise the Finance Function Consulting Services
New challenges…
…result in a new role for Finance
As a CFO, Finance Director or compliance officer, you might face a complex, constantly changing business environment. Setting up a flexible Finance Function can help you grow and manage your costs efficiently. Making sure that your finance department delivers transparent, efficient, forward-looking insight, while they manage risk and ensure compliance, effectively deploy and allocate resources is your daily objective.
Finding the right balance of insight, efficiency and compliance & control will depend on your own organisation. However, many companies have had to dedicate time and resources towards compliance but missed opportunities to provide insight and improve performance. By developing a high performing Finance Function, you’ll be able to comply with current requirements while seizing opportunities.
An effective Finance Function to put in greater performance From
Compliance and control: CFOs are being accountable to the business and to the financial community. More deeply embedded and sustainable systems are now required. Flexibility to respond to future regulatory change is also increasingly important.
To
Efficiency: The pressure to release money, resources and capacity has never been greater. Bring more gains by cutting redundant activities, consolidating activities, standardising and automating processes. Traditional organisation Compliance and control
Top performing organisation Efficiency
Insight
Insight: It envolves delivering an effective performance management framework, understanding the key business drivers as well as challenging and supporting business decisions around these drivers.
With our Finance Function Effectiveness solutions, we can help you make the most of the different parts of your Finance Function in a sustainable way.
Here’s our approach to help you meet the main challenges of today’s Finance Function
1 2 3 4
Finance Function Design • • • •
Evaluating and benchmarking Finance Functions and helping define a clear vision of future organisation, Assessing current and future Finance Function competencies requirements, roles and responsibilities, Designing, reviewing and implementing Governance, Risk and Compliance frameworks and internal controls, Helping Finance Functions define the right and insightful information.
Accounting Process Simplification & Standardisation • • • • •
Helping to achieve a more timely and reliable financial closing process, Managing and assessing conversion process (e.g. Local GAAP to IFRS), Assisting with consolidation activities, Aligning statutory, Tax and management reporting processes, Simplifying and standardising transactional processes, including purchase to pay and order to cash.
Finance Performance Management • • • •
Designing and implementing management reporting, planning and budgeting processes, Setting performance management frameworks and techniques (e.g. balanced scorecards, cost and profitability analysis), Defining and implementing management accounting frameworks, Assisting with regulatory reporting requirements.
Finance Systems and Data Management • • • •
Assessing, selecting and deploying ERP, Core-banking systems, performance management, business intelligence and reporting tools, Helping define smooth and more automated financial processes (e.g. modelling and documentation), Training professionals about the hot topics and challenges of the Finance Function (as listed above), Assisting Finance Function professionals in their day to day activities.
Why PwC Luxembourg? PwC Luxembourg (www.pwc.lu) is the largest professional services firm in Luxembourg with more than 2,100 people employed from 57 different countries. It provides audit, tax and advisory services including management consulting, transaction, financing and regulatory advice to a wide variety of clients from local and middle market entrepreneurs to large multinational companies operating from Luxembourg and the Greater Region. It helps its clients create value they are looking for by giving comfort to the capital markets and providing advice through an industry focused approach. The global PwC network is the largest provider of professional services in audit, tax and advisory. We’re a network of independent firms in 158 countries and employ close to 169,000 people. Tell us what matters to you and find out more by visiting us at www.pwc.com and www.pwc.lu.
Our Team Our specialists have unrivalled background of industry experience in finance, combined with specific expertise in accounting, reporting and controlling, finance processes, tax, regulatory changes and systems. By making the most of our skills, we can help CFOs identify, design and implement an effective Finance Function while meeting current market challenges.
To get started, call François Génaux
Partner
Advisory Market Leader
Laurent Gateau
Senior Manager Finance Function Effectiveness Leader
Tel +352 49 48 48 2509
[email protected]
Tel +352 49 48 48 2151
[email protected]
© 2012 PricewaterhouseCoopers, Société coopérative. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers, Société coopérative Luxembourg, which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.
