Finance Transformation Change the way finance works The role of finance executives is dynamic, constantly evolving to keep pace with technology and the changing demands of internal and external customers.Protiviti helps finance leaders address their current challenges, prepare for future challenges, and explore opportunities for continuous growth, delivering innovative solutions and supporting finance as a forward-thinking, strategic partner for the business. Survey October 24, 2023 2023 Global Finance Trends Survey Explore Protiviti’s 2023 global finance trends survey with expert opinions, financial forecasts, and financial risk assessments. Download the full report. Read more Redefine your finance function Pro Briefcase Finance and accounting process optimisation Design, deliver, and manage processes using a flexible delivery model that enables scalable efficient growth, transforming the workforce from transactional to advisory, and better integrate with other business functions. Pro Building office Finance technology and data Align strategic finance initiatives and technology with business priorities and growth plans to help finance leaders realise efficiency, grow securely, and mine better data. Pro Document Consent Cost and performance management Develop innovative approaches for sustainable cost control that provide the data insights, strategies, and capabilities required to make intelligent business decisions and drive performance and growth. Pro Document Stack Target operating model Evaluate and find the right balance of internal and external talent to optimise resources and align with the organisation’s strategy. Pro Legal Briefcase Financial reporting remediation and compliance Address changes, risks, and strain due to new and changing reporting requirements, increased scrutiny of company financials and filings, and complex, nonrecurring business transactions and transformation. Pro Legal Briefcase Business Planning & Analysis Leverage Protiviti’s end-to-end customised solutions to understand and address your most challenging planning and analytics issues. We combine the strategic approach of consulting with the power of practice experience to deliver results. Build a finance function focused on the future How do you build a resilient finance function in a time of ongoing disruption and change? Harnessing intelligent data lineage, new technologies, and digital tools, Protiviti helps transform finance organisations for the future. At the core of our methodology is aligning people, process, and technology to drive efficiency and productivity, enabling change and creating value for the entire organisation.We drive finance transformation, from assessments through the execution of strategic initiatives to address the challenge now with a focus on the future of the enterprise. We provide finance transformation consulting solutions tailored to achieve your goals and provide a framework for continuous growth, including:Technology enablement to optimise core finance and accounting process (record to report, source to pay, order to cash, plan to project)Effective data governance to ensure control and oversightMeasure and report on new SEC and global standards related to ESGAdvanced analytics for real-time metrics to satisfy rising internal and external expectationsBalance skills and scale with a service delivery model designed to address changing demandsEnable sustainable change organisation wide by improving alignment, collaboration and delivery How do you build a resilient finance function in a time of ongoing disruption and change? Download service offerings Finance transformation overview Leading finance & accounting functions play a key role in delivering efficiency, insights and long-term value to the business. It is critical for the finance function to be able to deliver greater real-time insights, drive speed in workflows and decision-making by transforming and adapting to the new world where new skills and ways of working are required. Read more Finance technology & automation Finance leadership needs to align finance processes, technology and the finance workforce with business objectives and priorities to transition from simply “getting the accounting right” to becoming business partners and advisors. Read more Finance & accounting optimisation Business moves fast, so does the marketplace. The finance & accounting (F&A) function must pivot with speed and agility, providing key insights and leadership to steer the organisation forward are at a distinct advantage. A finance & accounting function that is slow to process tasks and data means it is slow in providing key insights needed by the leadership to steer the organisation forward. Read more Finance data & analytics Data has become the lifeblood of an organisation, but it has no value without a strategy for using it. When managed and utilised correctly, data can be the most valuable and lasting asset a company owns. Read more Financial reporting & compliance Traditional financial reporting typically serves as a compliance function and the provision of financial performance information to meet the needs of internal and external stakeholders, with minimal value to the daily senior executives seeking to understand their business. It is very much a role of value protection. Read more Target operating model CEOs want CFOs to be more agile and strategically alert. An Oracle survey of senior finance executives showed that 95% of businesses supported by agile finance leaders/teams have increasing profitability vs 70% of non-agile finance leaders/teams. Read more Leadership Sam Bassett Sam is the country leader for Singapore. With over 25 years' experience, he's primarily worked in financial services with consulting firms or directly in the banking industry to deliver change and support strategic, tactical, and operation goals across Asia, Europe and ... Learn More Key technology partners Through our alliance partnerships, we connect innovative services and technology with consulting expertise to optimise key finance and accounting processes and business performance initiatives. SURVEY 2024 Top Risks for Chief Financial Officers Chief financial officers (CFOs) have a unique vantage point regarding talent management, one that explains why the ability to attract, develop and retain top talent represents their top risk concern in both 2024 and 2034. PODCAST Podcast | Accelerate: Assessing CFO and Finance Leader Priorities for the Coming Year – with Kerry Buchar and Chris Wright The volume of CFO priorities has increased for years. In the past 12 months, the intensity of these urgencies also spiked, forcing finance leaders to make higher-stakes decisions more quickly and implement major adjustments with far-reaching... SURVEY Five Focal Points for Future-Ready CFOs If a group of chief financial officers (CFOs) from 2018 stepped out of a time machine into their 2023 offices, they would be astonished by what they saw. Environmental, social and governance (ESG) metrics and measurements would top their priority... PODCAST Podcast | Achieving Digital Maturity in Finance – with Chelsea Black and Kizzy Gift In this episode, we discuss digital maturity in finance. Or more specifically, how more finance organisations are employing ERP systems, moving to cloud-based systems, transitioning more to analytics, and with that, understanding the talent... BLOGS Finance transformation’s front-end alignment The big picture:Finance transformation reimagines how skills, processes and technology can be leveraged to drive long-term value. By the numbers:CFOs and other finance executives view the implementation of advanced automation with more... WHITEPAPER Business Planning & Analysis Is the Next Generation of Financial Planning As finance leaders collaborate with their business partners to adjust plans in the face of economic headwinds, they should take a moment to reflect on the state of their financial planning capabilities: Are financial plans adequately linked to... Button Button Solving Legacy Accounting Challenges With Automation and Process Improvements Protiviti partnered with clients to implement best-of-breed digital solutions to automate financial close processes, along with process improvements and data governance and controls solutions to resolve the issues. Change management to support... Finance Transformation Sets Course for Future Success A U.S.-based global skincare company was unable to provide timely financial reporting and performance analytics to its key stakeholders and private equity sponsor. Protiviti partnered with the company’s CFO, VP of Finance, Controller, and key... Change management, automation and new digital tools transform finance operations for educational services company A $1 billion educational services holding company that operates in the U.S., Australia and New Zealand needed to transform its finance operations. The organisation, which operates numerous higher-education institutions and provides a workplace... Technology transformation and change management help non-profit organisation reach donors and improve fundraising United Way of Greater Toronto (UWGT), with an overriding mission to eradicate poverty, has successfully mobilised volunteers and financial resources to care for the needy in its communities since 1973. Today it’s the largest non-governmental... Insurance Distribution Firm Positions Itself for Successful IPO and Global Expansion with Finance and Technology Transformation An award-winning, entrepreneurial insurance distribution and risk management firm serving more than 1.2 million clients was facing multiple challenges as it prepared to launch an initial public offering (IPO). The company was experiencing massive... Button Button