Financial Statements Assistant

Digitizing 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 organizations.

Financial Statements Assistant is a solution that helps organizations 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.

Challenges

Disaggregated data sources

Manual intensive processes

Lack of visibility, transparency, and access

Pressure to reduce/control

The complexity of Indian reporting requirements

Key Features

This is a technology-enabled solution that combines the benefits of technology with human intelligence and expertise

Interactive experience using PwC’s Engagement Centre workflow or another project management tool

Multi GAAP reporting

Real time output in word or pdf (printable version)

Enhanced data privacy and security

Project management

Key Benefits

Greater visibility and governance

Standardization of structured and unstructured data

Efficient use of internal resources

High degree of accuracy and high‑quality outputs

Flexible and scalable solution

Controlled compliance costs

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

Indicative Commercial Model

Rates will be tailored as per local territory.

Implementation fee unless specified would be additional.

Any customization to the standard offering will be charged on a case by case basis.

The commercial will be based on the following:

Type of financial statement( standalone, consolidated)
Implementation fee (one time)
Annual statements preparation fee (per entity)

The commercials would also depend on the level of complexities of the operating entities as well as the total number of non-operating entities for each engagement.

Business Analytics & Insights Platform [BAIP]

A one-stop cloud accelerator to BI implementations for users who seek actionable...

Reporting 5.0

Revolutionize reporting with AI

Contact Us

Please enter your business e-mail address if you would like to receive more information, an offer, or a demo of this product. We will get in touch with you shortly.

Thank you for submitting your request. We will keep you updated.