Accounting for cloud computing arrangements
Business model change is being driven and facilitated by cloud-based technologies and other powerful software capabilities.
Cloud accounting services
Solving accounting and financial reporting challenges of Cloud migration or IT transformation
Any form of IT transformation, including the migration of your business-critical systems to the cloud, can create significant challenges in accounting & reporting, risking unmet compliance and operational needs. A modern transformation approach calls for end-to-end planning, where the back office remains top of mind.
We anticipate issues and operationalize solutions for accounting & financial reporting complexities as part of your IT transformation and/or Cloud migration journey.
What are your objectives and the challenges in reaching them?
Staying compliant in an evolving accounting environment
- New/complex accounting requirements expose system limitations
- Costly and disparate technologies used to address accounting requirements
Bridging the business viewpoint and technology
- Disaggregated/complex data sources across territories and functions
- Complex data creating a disconnect between accounting and operations
- Data overload creating a lack of visibility
Streamlining finance processes
- Limited resources/capacity
- Pressure to close faster amidst increasing accounting complexity
- Competing priorities & a desire to deliver more business insight
How PwC can help
PwC is a trusted resource for helping companies navigate the accounting and financial reporting challenges of Cloud migration or IT transformation. Our team of professionals have deep experience with analyzing a transformation's impact on a Company’s accounting and financial reporting. Our knowledge can help you anticipate design requirements, understand capitalizable costs and KPIs, highlight data and system limitations affecting complex accounting, automate financial reporting processes and move beyond compliance to value-capture. Where are you on your cloud journey?
With PwC, your company can:
- Leverage a wide array of tools (e.g., automations, visualization, analytics, etc.) to enhance controls, deliver high quality and timely information, and enable business insights
- Reduce/eliminate non-value add, manual, and repetitive processes to realize cost savings
- Harness the optimism and excitement around digital innovation to drive adoption throughout Finance
- Automate "last-mile" financial reporting.
Insights
25 results
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