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