Powered Enterprise ® is KPMG’s flagship offering for business transformation in the cloud. It brings our integrated, leading market solution to enable organizations to become more agile and responsive.
Powered Enterprise ® is an outcome driven functional transformation solution that combines deep functional knowledge, proven delivery capability and cloud technology to drive sustainable change, rising performance and lasting value. Our approach helps to move your business functions ahead and keep them ahead. It allows you to see where you need to get to, helps you get there and gives you the skills to respond to the needs of the future.
Process Optimization and Automation
CFOs are exposed to new challenges with a constantly changing and disruptive environment given the global pandemic, market fluctuations and credit turbulence. There is increasing stakeholder scrutiny and increased demand for transparency, which has brought new pressures on the function. This has forced CFOs to re-define their roles. Process automation has become the new way of working for CFOs and their teams to manage costs & risks, while ensuring faster, accurate and more insightful analysis and reporting.
KPMG assists clients with optimization and automation of finance and accounting processes. These processes often cut across multiple business units and operating silos and typically require leveraging enabling technologies.
Our process transformation framework focuses on all key improvement levers to enable dramatic improvement of processes using our Powered Enterprise® solution.
Working Capital Management
'Cash is king' is an age-old saying; this statement has never been truer. A positive cash flow is a sign of a healthy and sustainable business as it impacts growth, liquidity, and profitability. The current, far- reaching disruption in the global economy and financial markets has put unprecedented pressures. Having access to funds for daily operating expenses, while ensuring assets are invested in the most productive way is critical to ensuring healthy capital management.
Robust and sustainable working capital management is driven by the efficiency and effectiveness of its four components and associated challenges they address.
We help clients enhance and improve working capital following a hypothesis-based approach, wherein we consider all available initiatives ahead of shortlisting the ones for implementation. It helps manage the commercial risk whilst optimizing benefits. This approach includes use of our analytics tool that enables flexible and instantaneous sensitivities analysis, process diagnostic and gap analysis in a structured manner.
'Quick-wins' are fast tracked to accelerate benefit realization, while longer term initiatives are planned and actioned upon management's request following a phased approach: rapid diagnostic, detailed assessment, design action plan with delivery of quick wins, implementation and sustainability. We also assist companies with "insight as a service" for working capital management.
Financial Close, Consolidation and Reporting
The financial close, consolidation and reporting process takes center stage within an organization’s finance function monthly, quarterly, and annually. Closing books on time is imperative and critical, and can involve long hours, frustration, and unhealthy levels of stress – especially as reporting timelines shorten and requirements often become more complex.
Technological advancements, regulatory changes, agile enterprise models, increasing magnitude of data, dynamic reporting requirements and a heightened need for analytics have widened the role of CFOs and the finance function. Organizations expect this process to be transparent, integrated, reliable, insightful, and compliant. However, the truth is that even an extremely proficient finance team can struggle to solve recurring issues within their reporting process. Rather than lamenting the situation, it is best to examine the perceived barriers that perpetuate it.
We assist clients in developing a repeatable and sustainable close, consolidation and reporting process for internal and external reporting through effective use of resources, streamlined processes and integrated technology for a swift and high- quality financial close.
Our framework is a technology-enabled solution that brings efficiency, governance, and automation to the financial reporting processes. It facilitates the accounting calendar to mirror the dynamic nature of actual business cycles more closely by embedding automation and control within regular activities.
Our framework assesses the three key elements of the entire reporting cycle:
- Time to close
- Time to consolidate
- Time to report