Financial Statements Assistant

Digitising the preparation of financial statements

A PwC India Product

Digital technologies, small-scale finance teams, cost savings and automation demands are changing the traditional role of the finance function and process of financial statements preparation. Preparing financial statements in an increasingly complex reporting environment while ensuring compliance with all accounting standards, rules and regulations are becoming difficult for organisations.

Financial Statements Assistant is a solution that helps organisations meet their financial reporting requirements with a flexible technology -CCH Integrator TM (a Wolters Kluwer access-controlled web-based platform) which is supported by the knowledge of accounting and tailored for the business needs.

Navigating the Complex Terrain: Challenges in Financial Statements Reporting

Disaggregated data sources and manual intensive processes

Disaggregated sources lead to data disarray and complicate financial reporting, demanding meticulous attention and scrutiny

Lack of visibility, transparency, and access

Lack of visibility and transparency hampers access to accurate financial information

Pressure to reduce/control

Pressure mounts to reduce/control costs, posing challenges to financial statements accuracy

The complexity of Indian reporting requirements

Indian reporting requirements demand a deep understanding, leading to intricate financial challenges

Report financial statements seamlessly with PwC’s Financial Statements Assistant

Digital technologies, small-scale finance teams, cost savings and automation demands are considerably changing the traditional role of finance functions and processes of financial statements preparation. Preparing financial statements in an increasingly complex reporting environment while ensuring compliance with all accounting standards, rules and regulations is becoming difficult for organisations.

Developed with insights from a core team of technologists and accountants, Financial Statements Assistant is being used in over 30 countries for financial reporting.

01

Accelerated digitisation and reduction of manual processes an important step towards finance digitisation

02

Standardisation of structured and unstructured data enabling actionable insights from financial data

03

Efficient use of internal resources leading to cost controls and easier scalability

04

High degree of accuracy and high‑quality outputs

05

Greater visibility and governance leading to error reductions

Key features of Financial Statements Assistant

  1. Interactive experience using PwC’s Engagement Centre workflow or another project management tool
  2. Real time output in word or pdf (printable version)
  3. Enhanced data privacy and security minimising unwanted losses and leakages
  4. Multi GAAP reporting and efficient project management

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Financial Statements Assistant

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Product Owners

Manpreet Singh Ahuja

manpreet.singh.ahuja@pwc.com

Aman Goel

aman.goel@pwc.com

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