Finance Transformation

Transform finance to drive strategic value

Finance transformation is the way forward

The pressure on Finance to do more with less has never been greater. Finance needs to lead from the front to drive change and operate as strategic business partners. This requires Finance to act with agility, deliver actionable data driven insights and rapidly evaluate multiple scenarios. It is reinforcing the need for Finance to transform and adapt to the new world where new skills, behaviours and ways of working are required to be a leading Finance function.

Now is the time to embrace technology and digital innovation, invest in the skills of your team and define new ways of working. This is modern finance.

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PwC Finance Transformation

Move from transactional processing to strategic, actionable insights. PwC’s expertise, services and solutions help you accelerate your finance transformation, no matter where you are on your journey.

The goal? Shift to a modern finance operating model

Use digital innovation to automate transactional processing and enable strategic, actionable insights



How do you drive finance transformation?

Use a combination of modern and traditional levers to help accelerate growth, improve cost structure, and reinvigorate the workforce.

 

 


The key pillars of Finance transformation

Finance modernisation is a strategic shift in the Finance operating model enabled by continuous digital transformation across People, Process, and Performance.

Although it is anchored around seven levers - you can start anywhere but only true value is achieved when these are orchestrated together successfully through transformation.

Accelerate your finance transformation, no matter where you are on your journey

PwC’s suite of Finance Transformation solutions helps you navigate today’s challenges, so you can move forward with confidence into tomorrow.

Explore our suite of services and solutions to modernise your Finance function.

Finance Strategy & Operating Model Design
Establish a blueprint to your modern Finance strategy that will improve operational effectiveness and capabilities.
Finance Operations & Processes
Implement strategies to reduce operational complexity, streamline processes, and optimise the use of technology for your core finance processes.
Finance Service Delivery & Organisational Design
Implement the optimal service delivery model and organisational design to support the strategic objectives of your business.
Business Partnering Data & Analytics
Evolve your analytics capabilities from descriptive to predictive insights by aligning objectives with enterprise strategy.

Establish a blueprint to your modern Finance vision and strategy that will transform your people, processes and technology aimed at helping to reduce costs, and improve operational effectiveness and capabilities.

Services & Solutions:

  • Explore the “art of the possible” of a modern Finance function, through interactive and hands-on workshops designed to help your team rapidly innovate and transform.

  • Benchmark against your peers on effectiveness, maturity and costs of your Finance function.

  • Develop the optimal target operating model to support your strategic objectives.

Implement strategies to reduce operational complexity, streamline processes, and optimise the use of technology for your core finance processes: Procure-to-Pay, Order-to-Cash, Record-to-Report, and Acquire-to-Retire. This leads to improved efficiency, control and quality, lower cost, and increased capacity for business partnering and collaboration.

Services & Solutions:

  • Optimise and redesign your core finance processes and policies, leveraging PwC’s leading KPIs and digital solutions.
  • Assess and implement leading technologies to automate and transform your core finance processes, leveraging cloud technology.

  • Establish global process ownership to drive efficiency and innovation, and embed citizen-led continuous improvement.

  • Improve your working capital and liquidity by enhancing transactional efficiencies.

Implement the optimal service delivery model and organisational design to support the strategic objectives of your business, while driving sustainable cost savings, standardisation, quality, enhanced skills and capabilities, and agility.

Services & Solutions:

  • Develop and implement a future global service delivery model, including shared service centres, outsourcing, centres of excellence, and agile finance teams.

  • Establish the optimal organisational design to support the needs of the business, including role identification (traditional and emerging) and responsibilities, spans and layers, and interaction models to support the needs of your business.

  • Improve functional and digital acumen and build a culture of innovation and advancement through tailored learning and development programs.

  • Attract and retain the next generation of employees and leverage the gig economy.

Evolve your analytics capabilities from descriptive to predictive insights by aligning objectives with enterprise strategy, enabling a data-driven culture, and implementing the right technology and enabling infrastructure.

Services & Solutions that improve

  • Improve the effectiveness of your planning, budgeting, forecasting, consolidation, and management and statutory reporting processes to enable better analytics, insights and action.

  • Assess and implement leading technologies to automate and transform your core reporting processes, leveraging cloud technology and the use of predictive capabilities.

  • Accurately determine the product cost of a unit of production or service to drive  objective, data-driven discussions of your business performance.

  • Enhance utilisation of data and embed analytics and AI models into your operations to deliver greater value to your business partners.

Solutions to help accelerate decision making

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Case study

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PwC + alliance partners drive innovation and speed to value

Leveraging technology to accelerate impact. 

PwC & Microsoft help clients to future proof their finance functions by modernising business processes, increasing visibility through analytics and machine learning while securely unlocking the value of the Microsoft cloud. 

Find out more

Streamline processes and redefine efficiency.

PwC has embedded best practices on SAP S4/HANA, SAP Integrated Business Planning and Mii modules.

Find out more

A formula for growth in a changing world.

PwC and Oracle help clients achieve and maintain financial and operational stability and agility by planning successful journeys through financial and operational challenges.

Find out more

Contact us

Mathea Beck

Consulting Transformation Lead, PwC Australia

Tel: +61 477 359 811

Peter Kurtz

Partner, PwC Australia

Tel: +61 451 778 511

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Contact us

Mathea  Beck

Mathea Beck

Consulting Transformation Lead, PwC Australia

Tel: +61 477 359 811

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