Finance functions are facing an enormous challenge due to the constant change in markets, industries and business models as well as increasing regulatory requirements. One of the biggest drivers of change is digitalization - it is changing both the content as well as the methods and tools used in finance. However, it is not only digitalization that is affecting CFOs, there are a variety of reasons that are forcing the finance organization to face constant change.
In order to keep up with these developments and continue to be an efficient and effective business partner within the company, the finance sector must continue to evolve. The Finance Transformation Team at WTS Advisory therefore provides support in the sustainable establishment and further development of processes, methods, systems and organization in the finance sector.
We support you with strategy development through coaching and project or change management as well as the operational implementation of your CFO agenda. We classify our services into the following areas:
Optimization: The design and implementation of an effective financial organization with efficient processes is one of the most important challenges in finance. New corporate strategies, shifts in the business model or corporate transactions lead to regular changes and must be managed flexibly, efficiently and compliantly. The Finance Transformation Team at WTS Advisory supports you with experienced specialists in setting up and optimizing structures and processes in the finance sector.
Concepts & Systems: Digitalization determines both the long-term roadmap and day-to-day business in the financial sector. Structural and organizational changes to the company must be implemented flexibly and new regulatory requirements must be implemented as quickly and effectively as possible. In addition, the finance sector is still strongly characterized by transactional processes and many procedural and system interfaces. The Finance Transformation Team at WTS Advisory supports you with a unique combination of technical and professional expertise, from the design of a digitalization strategy in the finance sector and the selection of a wide range of software systems to project and change management and system implementation.
Performance: Nowadays, many companies are experiencing unprecedented changes in business models, technologies and markets. As a result, it is essential for internal management systems to manage these changes as efficiently and effectively as possible in order to make companies transparent and controllable. We support you with our expertise combined with innovative technologies in the strategic and operational implementation of your management requirements. Our consulting services range from cost accounting and the development of effective control in project business to the harmonization of accounting and the development of management reporting with clearly defined key figures. We also support you in the operational implementation of measures to optimize individual key figures.
Planning
Carve Out / PMI: Companies that are faced with current market and product changes are very often confronted with the task of spinning off a part of the company or a business unit. These carve-outs pose enormous challenges, as it is not sufficient to simply split up a balance sheet. It is necessary to separate across the organization, processes, systems, contracts and other areas. The greater the integration of the business unit in the initial situation, the more complex and costly are those necessary projects.
Nevertheless, even the integration of external business units is not finalized with a contract. The success of an integration often depends on enormous structural, organizational and cultural challenges. The strategic starting position is often based on synergies, but these can only be achieved with a successful integration.
Whether you are facing a carve-out or need to manage an integration, our Finance Transformation team will help you to successfully master the projects.
Your contact to us
Do you have any questions about our services or WTS Advisory? We look forward to your message or your call!