Increase in complexity of the business transactions, new regulatory demands and significant changes being envisaged in the financial reporting standards have put enormous pressure on finance functions. On the other hand, developments in technology and constant upgrades to IT systems mean that stakeholders expect reporting accuracy, timeliness, transparency and effective budgeting and performance management from the finance functions. When trying to maintain a high quality financial reporting structure finance functions may face many issues such as: 

• Late delivery of information
• Inconsistencies between internal and external reports
• Manual intervention increasing number of errors
• Outdated processes
• Lack of transparency
  

Each year a growing number of organizations rely on financial management advice to deal with these pressures and improve their financial processes to achieve timely and accurate financial reporting. 

Why KPMG? – Transforming the finance functions

Our Financial Management and Reporting Services practice can help clients transform their finance functions to ensure they meet the current challenges and build a finance function for the future. Our goal is acting effectively as a “CFO Advisor”. We can help finance functions in meeting requirements of new accounting standards and regulations and take advantage of new processes and technology to achieve a balance between performance, risk and control.

 How we help? – Our services 

Our Financial Management and Reporting Services practice helps clients on a range of important topics including:

• Global Conversion Services: converting to International Financial Reporting Standards (IFRS) and US GAAP 
• Quality Close and Finance Function Effectiveness - Improving the speed and quality of financial close and reporting processes 
• Management Reporting, Budgeting and Forecasting  
• Post-deal Accounting and Reporting Integration (following a merger or acquisition) 
• Capital Markets Readiness (IPO: Initial Public Offerings)
• Accounting Support