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PwC has launched Finance Managed Services (FMS), designed to address challenges companies face with traditional finance transformation approaches.
The new service is based on a joint cooperation with Workday and will offer CFOs access to Workday Financial Management.
This will allow them to concentrate on their core business, while PwC handles all other capabilities and scalability challenges.
Around 60% of finance operations still heavily depend on manual processes hindered by outdated technologies.
Furthermore, many companies find new technologies like AI and Cloud ERPs inaccessible due to cost, complexity, and a shortage of in-house technical skills in finance.
Tom Brown, PwC partner, said: “We’re excited to launch Finance Managed Services, 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.”
