PwC has launched a Finance Managed Services (FMS) solution in collaboration with Workday, Inc, a comprehensive suite of managed services designed to address the challenges companies face with traditional finance transformation approaches. This FMS solution has been created as a direct response to the pressing need for innovation in finance organisations still mired in manual processes and outdated finance systems.
Despite ongoing investment in finance transformation, finance operations still heavily depend on manual processes hindered by outdated technologies. However, the emergence of new technologies like Cloud ERPs, hyperscale data solutions, and AI advancements is revolutionising finance, promising automation and deeper insights. Yet, many companies find these technologies inaccessible due to cost, complexity, and a shortage of in-house technical skills in finance.
To overcome these challenges, CFOs are increasingly considering third-party partnerships and outsourcing as strategic solutions for tech-driven change. This trend, echoed in PwC’s 27th Annual CEO Survey, showed that in order to win, leaders must consider a broader range of initiatives - and apply them in combination. In response to this demand, PwC has created a comprehensive suite of managed services designed to empower organisations and provide them with a strategic advantage in an ever-evolving business environment.
This FMS solution will offer CFOs access to Workday Financial Management and managed finance operations that allows them to concentrate on their core business, while PwC experts handle all other capabilities and scalability challenges.
Tom Brown, PwC Partner, commented:
“We’re excited to launch this Finance Managed Services solution, which will allow clients to focus on the execution of their core business strategy and leave the day-to-day operation of functions to PwC’s experts. This service can be deployed at pace to deliver immediate impact, and is fully scalable to meet clients’ growth plans.”
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