Advisory Services

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Finance

Through our Finance services, we help our clients transform Finance into an effective support function and business partner.

The key dimensions, which our various Finance solutions aim to improve upon are:

Key Dimensions

 

Effectiveness:

  • Driving the business forward
  • Delivering effective finance support service to business units
  • Providing timely and accurate reporting and business information
  • Strengthening business decision-making throughout the organization

Control

  • Promoting strong governance and control in the organization
  • Designing an appropriate finance control framework
  • Facilitating improvements in control for the business
  • Managing finance risk across the organization
  • Meeting statutory and regulatory requirements

Efficiency

  • Efficient operation 
  • Reducing the costs of the Finance function
  • Realizing the benefits of investments in Finance
  • Integrating the Finance teams of acquired businesses into a single operation 

Service offerings:

Our extensive experience helps us in assisting organizations to design and develop cost-effective Finance functions. In our service offerings, we combine our multi-disciplinary experience and knowledge in finance, accounting systems, processes, risk, tax and legal aspects.

Our key service offerings are:

Finance operating model design and transformation

  • We assist in designing a global Finance operating model to support the enterprise, with a holistic focus on seven main components - policy, process, performance measurement, organization, data, people and technology
  • The transformational aspects focus on developing a larger vision for Finance operations to transform its role into that of a more effective business partner

Designing, setting up and transforming outsourcing, offshoring and shared service center arrangements

Shared services and Outsourcing have proven to be important levers for functional transformation. While typical applications have been to improve Finance Function efficiency and effectiveness, today the concept can deliver value for all business support functions. (e.g. human resources, information technology and others).

The Shared Service Centre concept can support and enable the changeover from a traditional in-house back office function to a valued service provider delivering services which were earlier not viable in a decentralized structure, and at the same time significantly improving processes and service quality at reduced cost.

We can assist you with:

  • Enabling key decisions for SSC/Outsourcing set-up: Defining Operating model, selecting location, developing options and Business case and the implementation Roadmap for transformation
  • Supporting clients in selecting the right vendor with the right commercial model in case the services are outsourced
  • Working with clients in implementing the SSC vision and transitioning to the new operating model on time and in budget
  • Supporting clients who already have a SSC or have outsourced to graduate to the next generation service models

Business performance management

  • Assist organizations to plan, measure and monitor performance to deliver sustainable shareholder value
  • Assist organisations in fixing or improving issues and challenges they have with planning, budgeting and forecasting, reporting and consolidation, as well as business intelligence and data analytics by adopting a driver-based approach to performance management.

Finance processes and systems design and development

  • Help organizations improve or transform their finance processes and systems eg. faster closure of finance statement, accounts payables, accounts receivables, general ledger accounting and reporting, etc.

Enterprise G&A cost management and reduction, working capital management

  • Help shape program focusing on cash release and cost optimization
  • Our mature cost optimization framework focuses on the right levers for managing and controlling G&A related demand and fulfillment
  • Help strengthen the procurement operations and organization for sustained cost optimization in a comprehensive manner
  • The focus of working capital management services is around delivering sustainable cash release through improved cash-to-cash cycles (DSO, DIO and DPO) covering tactical, operational and structural levers

Financial Statement Close Process (FSCP)

FSCP focuses on improving the ability to complete and report period end accounts quickly and accurately. The service approach is multi-dimensional impacting:

  • Process – Improving record-to-report process
  • People and Organization Change – Bringing clear delineation of roles and responsibility to close books
  • Technology – Improving data structure and implementing tools to automate the process

Contact us

Find your nearest advisory services contact

Performance Improvement

Sunil Chandiramani 
Partner & National Leader - Advisory Services
+91 22 6192 0100

People & Organization

Rajiv Krishnan 
Advisory Partner and Leader - People & Organization
+91 44 66548250

Supply Chain

Ashish Nanda 
Advisory Partner - Supply Chain Practice
+91 22 6192 0170

Customer

Dinesh Mishra 
Advisory Partner - Customer Practice
+91 80 6727 5556

Finance

Milan Sheth 
Advisory Partner - Finance
+91 22 6192 0370

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