We excel at strategic business transformation and process optimisation, leveraging extensive experience in designing, implementing, and operating both on-premises and cloud-based IT solutions across various functions and suppliers. We can help you to enhance your performance by finding, implementing, and operating the best-fit EPM solution for your business.
What benefits will using modern EPM tools bring you?
Modern EPM tools allow companies to have much better insights into a company’s businesses that are then transformed into meaningful decisions related both to day-to-day operations and long-term company goals.
Fewer resources and capacities spent on activities with non or low added value (e.g. manual copying data from one spreadsheet to another, manual data entry, etc.). More time could be spent on analyses and deeper insights.
Better insights and data visualisation - in EPM tools, users can analyse data in great detail and from different points of view. It is possible to develop integrated metrics or even engage AI to analyse business trends. It results in more accurate business reporting and planning or the identifying of new opportunities for growth.
Clear strategy and people engagement - clearly defined strategy improves the understanding by the workforce of how to contribute to that strategy.
Increased flexibility and agility - Modern EPM tools enable users to prepare various scenarios and analysis quickly, data are calculated in real time. It allows for data to be provided on demand and for making faster and more relevant decisions.
Data management - EPM tools provide unified data source for reporting and planning (“single source of truth”). With embed workflow management they allow administrators to have a control over data flow, that lowers probability of errors. On top of that, EPM tools contain audit logs tracking the activities of users within the system.
Enhanced security - data is visible only to relevant users / functions.
Concept of modern financial management
Modern EPM tools help organisations effectively manage their business performance by translating strategies into plans, monitoring execution, and providing insight for decision-making. They provide a single source of truth making data reliable and usable across a company in real time.
EPM solutions include budgeting, forecasting, financial consolidation, scenario management, and reporting capabilities to facilitate disclosure management, performance monitoring and analysis across various departments within an organisation and for external investors and stakeholders.
The strategy guides the implementation of:
Strategic
planning
Link your strategic objectives to key parameters and KPIs that drive your business value
Budgeting and
forecasting
Automate and optimise your budgeting process and enable your team to actively work and simulate future data
Management reporting
and analytics
Data from multiple diverse systems integrated as a single source of facts to gain real-time insight for better data-driven decision making
Consolidation and
external reporting
Streamline your financial consolidation processes to ensure accurate and timely reporting to external stakeholders
Execution feedback for strategy
How can we help you?
- Strategic process-oriented Consulting
- EPM tool selection
- EPM tool implementation
- Financial consolidation
- ESG Reporting
- Post-implementation services
Strategic process-oriented Consulting
We offer comprehensive mapping and analysis of any internal finance-related process over 3 dimensions - Processes, Technology, and People. We focus on financial accounting, budgeting and forecasting (FP&A), cost planning, management accounting, financial consolidation, treasury and data management. Our services encompass:
- AS-IS current state assessment to identify gaps in processes and perform industry & reporting benchmarking.
- TO-BE transformation roadmap covering changes/updates/enhancement in ERP, Data, EPM and Treasury elements.
- Upskilling & transformation of the Digital competencies of internal staff and change management.
EPM tool selection
We conduct in-depth analysis of all relevant processes in data management, reporting, and planning (AS-IS Analysis). Afterwards, we prepare a summary of your future needs, identify the priorities, introduce potential EPM technologies to your team, and design the future planning process from a functional perspective (TO-BE Analysis). By applying our expertise, we will help you select the most suitable EPM solution and prepare an implementation roadmap that aligns with your company's strategic goals and needs.
EPM tool implementation
We deliver a complex end-to-end implementation of selected EPM technology starting with a detailed technical proposal, covering the implementation of the tool and its integration into current ERP and BI systems and ending with migration to the production environment. As the implementation of EPM technology represents a complex business transformation impacting various processes and functions, we ensure a clear definition of the overall project framework, engage all relevant key stakeholders and set effective communication with them, prepare comprehensive documentation and train users to help them in adopting EPM technology and to ensure that they have all the necessary information.
Financial consolidation
We provide comprehensive end-to-end financial consolidation services.
- Designing and implementing your own consolidation solutions using EPM technology. We map user requirements, help to choose the correct platform and implement the final solution, including design of the consolidation structure.
- PwC can be a partner in managed consolidation services. We manage data collection and calculate relevant consolidation adjustments while maintaining strict documentation and a robust audit trail for easy review and compliance.
You do not need to worry about in-house IFRS specialists and systems. Both are achieved using modern EPM technologies to ensure efficiency, accuracy, and scalability. As financial consolidation is a recurring and complex process, we offer our services either as a one-time delivery with training or as a long-term managed service, functioning as an extension of your team.
ESG Reporting
We deploy solutions designed for sustainability reporting to meet the CSRD requirements, including EU Taxonomy and Carbon Footprint calculations for Scope 1, 2 and 3 emissions. Additionally, we offer support for ESG strategy development and related data governance for non-financial reporting.
Our services also encompass data validation, calculation review, and maintaining a robust audit trail for compliance purposes.
Post-implementation services
We can assist you with operating the EPM tool by providing ongoing support including regular performance checks, user support or functionality extensions to ensure the continuing success of the implementation and deliver the best value for you.
Technologies we use
Jedox ESG Showcase
Accelerator built by PwC to demonstrate how a modern EPM tool can support compliance with ESG non-financial reporting. The accelerator represents a robust reporting and planning application eliminating the need for involving other additional technologies. Possibility of integration with other ERP or EPM tools enables automatic data flows between the systems supporting the extensive data collection process.
Customisable tables and charts together with filtering and drill-down functions provide relevant insight in sustainability measures. In addition, the accelerator allows users to forecast and simulate future performance through initiative and scenario planning to reach the company's sustainability strategy.
Jedox ESG Showcase
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Why entrust the solution to our team?
- Technology agnostic vendor
Having expertise with a wide range of EPM technologies, diverse industries, and understanding of financial and logistics processes, we guide our clients in selecting the best-fit solution reflecting their specific strategic business needs. - Process specialists
We offer comprehensive insights into your processes to optimise your business operations. Our services cover the assessment of the current state, identifying gaps, and defining the client’s priorities and requirements resulting in the designing of the future state, all within the Finance, Supply Chain, or ESG areas. - End-to-End implementation
EPM technology implementation is a complex process, we’ll guide you from the very beginning, starting with project preparation, solution design and implementation, and closing with the end-user training, testing and productive Go-live / Hyper-care. - SAP S/4HANA excellence
We have a global team of 1,300+ SAP experts and over 100 SAP specialists in the Czech Republic. Our main strength lies in our ability to integrate non-SAP technologies into an SAP IT infrastructure. Thus, you can benefit from leveraging the advantages of both non-SAP and SAP technologies to gain the maximal competitive advantage.
- Transformation Management
At PwC, we conduct a comprehensive evaluation of your internal processes, including accounting, financial planning, budgeting, KPI setting and inter-departmental cost and revenue allocation, to identify gaps and optimise opportunities. Our technology-agnostic approach ensures the best solutions tailored to your needs, while our holistic finance transformation encompasses technology, processes and upskilling. Whether triggered by an IPO, integrated reporting requirements, new accounting standards or the need for data-driven decision making, transformation can be a significant workload on internal teams. By partnering with PwC, you gain a dedicated team that not only implements necessary changes but also equips your staff with the skills needed to maintain and enhance these improvements, ensuring your organisation is well-prepared for future challenges. - Project Management
We are leading experts in the area of Project Management. Our teams are well suited for delivering projects using waterfall or agile methodologies where the actual selection depends on the best fit for the project and client. In addition, over the years, we have developed our own PMO frameworks based on well-known principles like PMO, PRINCE2 or SCRUM that we are happy to introduce and further adjust to your needs.
Contacts
Vlastimil Košík
Head of E2E Planning (EPM & DSC Solutions), PwC Czech Republic
Tel: +420 730 184 612
Jiří Schwarz
Accounting Advisory & Finance Transformation, PwC Czech Republic
Tel: +420 722 937 768
