Consultants are explaining impacts based on financial data.

Financial & Regulatory

Unique challenges – are you ready?

The role of the CFO has been evolving over the past decade. While core financial capabilities and cost control remain critical it is increasingly being recognized that The Office of Finance can add significant value by supporting wider corporate strategies by improving analysis and decision support capabilities. External and stakeholder reporting is back up the agenda due to a tighter regulatory environment caused by the recent downturn and a subsequent proliferation of new technologies such as XBRL.

Westernacher has a dedicated Finance and Controlling team serving the Office of Finance with a wide set of service offerings. Our Utilities practice has dedicated functional and technology experts helping customers with several Utilities-specific topics:

The chart shows Westernacher’s expertise in the field of Financial and Regulatory. The chart is divided in the subject area, strategy, operations and technologies. The first subject area is working capital optimization. Westernacher delivers expertise in the strategic field contingency planning services for go-live. The operational fields of expertise are cash forecasting, exceptions management, credit management and billing optimization. Supporting IT in this area is SAP-ISU, and SAS. The second subject area is carbon accounting. Westernacher delivers expertise in the strategic field carbon reduction strategy. The operational fields of expertise are carbon intensity measurement and benchmarking, carbon reduction strategy execution and sustainability reporting. Supporting IT in this area is SAP HCM and SAP OM. The third subject area is external and regulatory reporting. Westernacher delivers expertise in the operational fields of expertise: Close process design and optimization, external reporting automation and XBRL/iXBRL Tagging. Supporting IT in this area is SAP BI/BO and Clarity FSR.

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