Outmaneuvering uncertainty with resilient finance
June 8, 2020
RESEARCH REPORT
In brief
In brief
- Finance must move quickly to help the business respond to a highly volatile and uncertain global business environment.
- The key requirement is to build up the resilience and agility of the finance function—both for the immediate challenges and for whatever comes next.
- In this report, Accenture outlines four offerings which can help finance do this quickly and effectively.
- The offerings relate to: treasury and working capital forecasting, cost visibility, connected planning, and remote financial close management.
Standing up resilient finance capabilities to respond rapidly
In unpredictable and uncertain times, businesses need to be ready to move quickly and respond rapidly to fast-changing circumstances. And finance needs the agility and resilience to move at the same pace, providing the financial insights, forecasts and planning capabilities that are critical to an effective response to unforeseen disruption.
In everything from supporting a large proportion of the workforce in operating from home to quickly modeling the impact of changing external forces on the business, finance has to be prepared to guide the enterprise through testing times.
Four key offerings to deliver resilience and agility
Accenture has pivoted its offerings in four key areas to help finance functions acquire the resilience and agility needed to respond rapidly and confidently – both now, amid the immediate global challenges, and in whatever economic and societal situations come next.
Treasury and working capital predictor
Gain a rapid view into liquidity impacts, including cashflow forecasting, late payment prediction, and real-time receivables reporting.
Cost visibility with AI and machine learning
Enable real-time spend management decisions and develop the value case for cost optimization based on industry benchmarks.
Connected enterprise planning
Forecast and model the impacts of external factors on the balance sheet and P&L, balancing macroeconomic analysis with business granularity.
Remote financial close management
Automate and remotely manage key control and compliance processes to ensure the continuation of critical business performance analyses.
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Companies can kickstart a resilient and agile finance response with a preconfigured SAP Analytics Cloud environment to quickly provide actionable insights.
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