In today’s frenetic world, digitalization and automation are receiving greater and greater emphasis, and their role within finance is no exception either. Successful corporates must train their focus on the development of all three pillars of the so called “Golden Triangle” (also referred to as the “3Ps” - people, process, and platform), in order to facilitate the continuous, sustainable and balanced improvement of the business entity's performance.

We focus on processes

The Advisory team of KPMG has realized this concept and, taking into consideration the elements of Smart Digital Finance — finance excellence, financial process management and digital transformation—they focus on process optimization within financial process management.

Whether it be a manufacturing company, a service-rendering entity or a shared service center (SSC), a systematically built, structured system (including a well-organized process) is able to regulate itself and can react effectively to changing conditions.

Our finance process improvement team applies LEAN methodology (well-known method primarily from manufacturing industry), combined with the elements of the PMI framework, in conjunction with KPMG's knowledge base and know-how. In case of client willingness the process analysis conducted by KPMG team on a full population using process mining technology, enabling analysis on a full data base  resulting more comprehensive statements and even more tailored proposed solutions which fits the best for the company's specifics.

Our main services:

• Process analysis, process improvement, process optimization, standardization (HAS, IFRS, US GAAP)
• Preparing Finance and Accounting departments for the deployment of automated processes (RPA, VBA, SQL, AI)
• Development and improvement of daily financial, accounting activities
• Closing optimization, quality close
• Reporting
• Supporting ERP implementation
• Identifying, developing and mapping financial control procedures (Smart Control Catalogue)
• Project management
• Change management
• SSC process advisory (OTC, PTP, RTR, etc.), transition support