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
