A strategic delivery model
During these challenging times, companies that manage cash effectively, keep costs low, have robust business continuity plans and dynamic business models will be the most likely to come through the crises and emerge successfully. To respond to your changing requirements, we are continuously looking at creative approaches to the finance function that are flexible, data driven and enabled by modern technology. PwC’s Managed Services delivers strategic tax, financial and business operations across the enterprise. PwC’s Managed Services is a business model in which a company leverages PwC to optimize, transform and execute specific finance and business functions on its behalf. The business functions include traditional back-office processes that companies traditionally outsource, as well as more complex tax and finance functions that require more advanced skills and insight.
We offer easy-to-integrate managed services for your finance and business processes, including creating reports for management, dealing with accounts receivable and accounts payable, and year-end accounting. Our services combine comprehensive finance and accounting expertise, insights based on our extensive experience, and state-of-the-art technologies to optimise your processes. Our services include implementing financial controls, undertaking bookkeeping, and accounting and treasury functions. We focus on setting up problem-free workflows when companies outsource to us, and on enhancing and optimising operational processes.
We can take on individual processes for you, or we can even run your entire tax, management reporting or HR department, all tailored to your requirements. Outsourcing allows you to benefit from our expertise in tax and related compliance and from state-of-the-art technologies. In addition to helping you to calculate tax-relevant KPIs, we can also control, monitor and implement processes for company audits, and assist you in complying with international reporting obligations.
In the near future, managed services will likely be the default operating model for specialty services and capabilities, just as traditional outsourcing is usually the default for back-office transaction processing today.
Financial Managed Services
■ Treasury Operations
■ Bank relationship
■ Bank account management
■ Cash position administration
■ Treasury cash forecasting
Financial Planning and Analysis
■ Budgeting / forecasting
■ Working capital management
■ Management reporting and analytics
Statutory Reporting
■ Local GAAP accounting and STAT reconciliations
■ Statutory financial statements
■ Internal audit and controls
■ Statistical reporting
■ Regulatory reporting
■ Financial and other external reporting
Tax
■ Tax control framework
■ Tax provisions
■ Local tax analysis
Traditional Outsourced Services
■ Vendor payables
■ Cash receipt application
■ Fixed assets management
■ G/L account reconciliations
■ General accounting
HR
■ Payroll
■ HR reporting and analytics
■ Global mobility
■ Employment law
ESG
■ Data collection
■ Legislation tracking
■ ESG reporting
■ Customer and vendor due diligence
Legal
■ New legislation impact assessment
■ Contract management
Technology
■ Data extraction and data transforming
■ Data analysis, BI solution
■ Visualisation tools
■ RPA (Robotic Process Automation)
■ ERP (SAP, Oracle, Workday, Salesforce implementation)
Your overall costs can benefit from scale up and down
The level of support required to facilitate ongoing financial activities or special projects often fluctuates. The costs of managing and operating complex tax, accounting, finance and business functions / processes critical to business are rising. We are able to scale up and down - instead of maintaining a large number of support staff with significant overheads, we are able to increase or decrease support staff as needed, and there are no hidden joiner and leaver costs to worry about. We will tailor our fee quote to your specific needs.
More than a cost reduction play
Synergy effects of a full in-house solution in combination with subject matter experts, highly skilled professionals, industry experts and your internal staff will ensure a top-quality output, improved productivity, better risk mitigation and a more cost-efficient model.
Effectively leveraging managed services can be the cornerstone of a dynamic company business model, as well as keeping fixed costs low and managing cash. This is the key to a viable business continuity plan, as companies struggle with maintaining core support functions during these challenging times.
Navigating a complex regulatory environment
Proactively manage operational risk and address its impact across the business.
Managing an extensive people function
Direct access to one of the largest professional services providers with extensive technical, operational and strategic capabilities.
Addressing ongoing cost pressures
Accelerate efficiencies and improve outcomes across functions.
Keeping up-to-date with state-of-the-art technology
We will automate and streamline your tax, accounting, financial and business processes. You can either continue using automated solutions within managed services, or insource these solutions when your internal resources are ready.
Increase agility at scale
Access to a variable workforce and flexible technology, supporting your dynamic business needs when and where you want it. We can hire your current finance staff to join our team, to ensure the continuity of processes while also benefiting from the PwC employment environment.
Which managed services are right for your company?
Contact us to explore the benefits that PwC Managed Services can provide you. Together with your team, we will be happy to perform a detailed bottoms-up analysis to evaluate the functions and processes suitable for managed services. Reach out and start a conversation today!
