Cost and Performance Management
Leverage real-time data to create lasting and meaningful change.
As organisations face global supply chain challenges and struggle to find the right talent to meet increasing demands, the time is now to start refining cost and performance management.
We help you gain access to a transparent, timely view of your financial performance at any time. With the ability to access data and reports remotely and from multiple channels, our cost and performance management tools deliver superior performance and results.
Our experts help you improve data quality, efficiency, and operational results.
Our Cost and Performance management services
Performance measures for the finance and accounting team must align with the overall business strategy. This ensures that your organisation has the key capabilities and data to make decisions and take action. We help develop innovative approaches to scalable and sustainable cost control.
These insights enable organisations to make intelligent business decisions and drive performance and growth while managing risks.
At all times, you can dive into the relevant data and reports and track your organisation’s performance in real-time.
Using leading practices, our professionals deliver solutions in the following key areas:
- Budgeting, planning and forecasting
- Data management and strategy, and visualisation
- Advanced modeling and analytics for reporting
- The improvement and standardisation of policies and procedures
Our advisors assess the skills of your current employees and evaluate opportunities to integrate cross-functional teams throughout the planning processes from departments such as finance and accounting, demand planning, procurement, sales and marketing, and HR.
We’ll assess your current processes and establish a current framework for linking strategic plans into annual planning and forecast processes. After developing and implementing a comprehensive, integrated business planning process, we’ll work across finance and HR to connect incentive targets to financial performance.
Technology Enhancements and Automation
Together, we’ll look at the system architecture across business units and/or geographies. We’ll coordinate and implement your technology enhancement projects for maximum efficiency and results.
Improve the Quality and Access of Data and Reporting
Our advisors analyse or develop a standard set of reporting across divisions and at a consolidated level. They’ll perform strategic analysis to build or improve upon financial models, data quality, and data access, as well as identify opportunities to optimise operating spend and investments.
The need for improved forecasting in a challenging marketplace
The market’s volatility is changing the way organisations use forecasting approaches. The traditional forecasting method of collecting a stable set of fixed costs, demand projections, and other inputs is no longer enough to keep up in a rapidly changing landscape.
Now more than ever, we need real-time data at our fingertips to propel decisions at critical business junctures. With the help of Protiviti’s consulting services, we can amplify the impact of your organisation’s data and create lasting and meaningful change.