Shaping tomorrow, today
Enabling the acceleration of Finance functions to drive strategic value
Businesses continue to experience significant levels of disruption and impact from a number of global trends. The need for business transformation has accelerated, creating an environment of uncertainty and volatility. The core capability for any business is its ability to respond effectively to disruption. A strong Finance function is central to supporting businesses to remain competitive and drive growth.
Disruption has also accelerated the change in Finance, with a need for data-led insights and rapid scenario modelling to support decision making. This has reinforced the need to transform and adapt to the new world where new skills, behaviours and ways of working are required in a leading Finance function.
of time in top finance functions is spent on data analysis and gaining insights
of finance function professionals’ time can be saved via automation and behaviour change
If you’re a CFO or leader in a finance function, you’re probably facing some common challenges when it comes to providing timely, actionable insights that will help you be a key contributor to organisational decision making.
Financial governance & reporting
- Changing market expectations
- Impact on current and future results
- Disclosures to the market
- Capital investment
- Operational spend and productivity
- Workforce restructuring
Planning & performance
- Integrated business planning
- Forecasting, scenario modelling and reporting
- Business continuity planning/resilience
Liquidity & working capital
- Debt and capital management
- Cash forecasting
- Working capital optimisation
Industrial relations & regulatory response
- Wage trust and wage compliance
- Employer liabilities through restructuring
- IR reform
Tax strategy & design
- Strategy and planning
- Compliance and goverance
Changing business models
- M&A opportunities
- Pricing strategy
- Changing control frameworks
New ways of working
- Technology risk (including cyber)
- Virtual working and employee wellbeing
- Changing risk and controls
Today’s CFO faces many challenges. Some strategic key issues that impact the growth and success of your organisation include:
Solving your problems is what’s most important to us.
The stakes are high. You need to navigate today’s challenges or risk eroding confidence in the finance function from internal stakeholders, your customers and even regulators. However, through finance transformation, you can reshape the future of your organisation and lead from the front.
In our experience, high performing finance functions need to get three components right: a strategic operating model, modern governed processes and digitally enabled performance management.
We work with our clients to review and optimise the function because when these are working effectively, the finance function is set up to support the business in improving financial outcomes from core operations and tackle emerging issues.
We are a diverse, experienced and networked group of experts that work collaboratively with management and boards and draw on the full breadth of PwC’s capabilities to devise innovative solutions to your challenges and bring the right people to the engagement to deliver and implement the best commercial outcomes. Together, let’s transform your finance function.
Partner, Finance Transformation, PwC Australia
Tel: +61 477 359 811
CFO Advisory Leader, PwC Australia
Tel: +61 401 814 721