CEOs are significantly changing how technology is used to assess stakeholder expectations
CEOs say data and analytics technology generate the greatest return for stakeholder engagement
CEOs are making changes to their focus on the leadership pipeline
How are you using technology to provide more value to the organisation?: More about PwC CEO Survey
The pace of technology change, regulatory pressures and increasing dependency on technology represent a significant challenge for companies. Business systems must be fully available and reliable to enable business processes to run smoothly, in a well controlled and transparent manner.
We add value by:
• Assisting clients identify IT related risks, evaluate the potential impact, recommend internal controls, evaluate control effectiveness and assist with mitigation
• Providing independent assurance on IT cost effectiveness and assisting in IT cost optimization activities
• Providing assurance and assistance in ensuring that robust control solutions are in place to manage IT systems risks, including process improvement, control optimisation (manual and automated controls) and providing confidence that performance data is reported correctly
• Identifying and evaluating the risk of undetected errors, fraud, or material misstatement to the financial and operating data
• Optimizing the implementation and configuration of third party compliance tools, such as SAP GRC
Modern business operations are becoming increasingly dependent on technology that allows the phasing out of a great variety on routine manual tasks by robust automated processes and controls. It makes your business run as one organism that breathes and breeds data.
Business leaders must recognise the value that data assets contribute to enabling critical business processes and creating competitive advantage. Thus it is important to trust the flow of data within your organisation, as it can enable you to make both day-to-day and strategic decisions faster, supporting your business knowledge by valuable insights.
Do you prepare the organization to unlock new opportunities with data? Do you have concerns about reliability of your data? Is there a need to spend significant amount of time to manually retrieve and/or key data before it can be used for reporting? Do you rely on complex spreadsheets that take a number of days to fill in? Are there bottlenecks in business processes that heavily rely on data?
We deliver solutions and tools that help you create and capture the right information at the right time to give you the edge you need in business to optimize business opportunities.
We provide our clients with confidence in their data through:
Given recent high profile events in both the private and public sector, information security and privacy has never been higher on the board agenda. Reputation, trust and brand value can all be seriously affected by information loss and theft. Incidents have often erroneously been attributed to technology issues, and while technology is one of the key components to better information and cyber security, equal attention needs to be paid to people, organisation, culture and processes.
Companies can no longer manage security on an ad-hoc project basis. To reduce the risk of business disruptions, meet regulatory compliance objectives and adequately respond to complex security breaches, organizations must integrate security infrastructures as well as constantly monitor standards, policies and controls to stay in line with established parameters. By gaining complete visibility into the security infrastructure, organizations are also able to remediate security gaps quickly.
We provide our clients confidence around the security of their data, employees, organization, etc. through:
Business system landscape is changing with users moving seamlessly between in-house systems, cloud-based services and mobile applications requiring a comprehensive, integrated and holistic approach to business systems control.
PwC's business systems confidence solutions help clients to boost the likelihood of a project's success and to reach its business goals. PwC's team of specialists have tried and tested methods in addition to years of experience of business and project management behind them, covering variety of IT systems: ERP and HR (SAP ERP, Oracle E-Business Suite, Microsoft Dynamics AX, 1C, Qlilk), GIS, CRM, BI, GRC, corporate portals, document workflow systems, dashboards, budgeting and management accounting systems, financial consolidation and treasury.
We provide confidence in business systems through helping to select, deploy, and operate standardized as well as custom built business solutions and their extensions, including:
To gain competitive advantage and keep pace with regulatory requirements, organizations are undertaking an unprecedented amount of transformational change. The benefits of such big, IT-heavy projects can be great – but they’re not without risks. Failure to manage these risks successfully can have many adverse consequences, both operational and reputational.
According to research, a quarter of all major change programmes fail completely while around three quarters under deliver. Many companies have a history of IT implementation projects which struggle to deliver the benefits that are expected of them, often having major knock on effects on other projects and conflicting with others.
PwC can increase confidence in your enterprise projects, programmes and transformational agenda through: