Solutions

CFO Services

Finance and accounting services to growing and evolving businesses. Services include organizational, analytical, and recording services for the financial activities of a business, and the preparation of various materials covering the financial transaction life cycle (i.e., collecting source documents, recording transactions, closing books, and preparing reports for internal and external stakeholders).

Management reporting

BPS offers solutions delivered through outsourcing, co-sourcing, ad-hoc projects, and contract personnel. Its service offerings that will be elaborated on;

  • Set-up or redesign Management Reporting
  • Preparation of Management Reporting Packages on a recurring basis
  • Budgeting and Controlling Project Management
  • Cash Flow Forecasting and Working Capital Optimization
  • CFO support with day-to-day activities

Deloitte’s approach

Deloitte adopts a proven methodology that lead to successful set-up or redesign of management reporting focusing on best industry practices, leveraging technology solutions, and embedding process changes.

Client challenges and concerns

Call us to discuss your needs if you recognize any of the below triggers at your company;

Lack of insight

  • Lack of report rationalization
  • Lack of actionable reporting

Scale-ups

  • Business strategy changes
  • Data trapped in multiple sources

Liquidity needs

  • Distressed cash flow
  • Funding gaps

Financial reporting

BPS offers solutions delivered through outsourcing, co-sourcing, ad-hoc projects, and contract personnel. Its service offerings that will be elaborated on;

  • Compilation of Separate and Consolidated Financial Statements (Greek GAAP, IFRS, US GAAP)
  • Preparation of Financial Reporting Packages on a recurring basis
  • CFO support on accounting treatment of complex transactions (carve-outs, spin-offs, transfer of business etc.)
  • Creation and filling of iXBRL reports
  • Advisory services for quality review of XBRL provider and support services during the Implementation of XBRL software

Deloitte’s approach

Deloitte’s professionals conduct gap analysis and assessment of applied disclosures in order to face complex accounting issues (e.g. consolidation, hedge accounting, financial instruments, deferred tax, adoption of New Standards etc.).

Client challenges and concerns

Call us to discuss your needs if you recognize any of the below triggers at your company;

Regulation

  • Adoption of new standards
  • Increased regulatory requirements

Ownership changes

  • Complex Groups
  • Merger & Acquisitions
  • Carve-outs

Limited human resources capacity

  • Loss of key employees
  • Temporary personnel needs

Finance Function Processes

BPS offers solutions delivered through outsourcing, co-sourcing, ad-hoc projects, and contract personnel. Its service offerings that will be elaborated on;

  • Finance Transformation leveraging industry and technology best practices
  • Accounting and Finance Diagnostic Review
  • Build a Finance Process Optimization Roadmap, emphasized on Automated Vertical Solutions
  • Create and support Business Blueprints for the implementation of ERPs
  • CFO support during the implementation of Target Process Model and Control Environment

Deloitte’s approach

Deloitte’s professionals prioritize main areas with key management personnel, analyze “As-Is Process Model”, and identify financial and operations inefficiencies in order to design the Target Process Model, leveraging cloud-based platform.

Client challenges and concerns

Call us to discuss your needs if you recognize any of the below triggers at your company;

Structural risks

  • Business process heterogeneity
  • Organizational & management structure differences

Synergy risks

  • Quality of financial figures
  • Complexity of synergy goals

People risks

  • Changes of managerial level
  • External providers

Hybrid CFO Services

BPS offers solutions delivered through outsourcing, co-sourcing, ad-hoc projects, and contract personnel. Its service offerings that will be elaborated on;

  • Design and implementation of Advanced Data Analytics in BI tools, e.g. Scenario Planning, What-if scenarios, Production Cost, Advanced Cost Accounting
  • Automated Vertical Solutions for repetitive tasks in Finance and Accounting functions leveraging ETL tools andRPAs - indicative uses cases;
    • Consolidated Financial Statements
    • Complex Cost Accounting
    • Accounting controls and reconciliations

Deloitte’s approach

Deloitte’s professionals can deploy technology to amplify client’s insights, collaborative capability, accuracy, and speed of execution.

Client challenges and concerns

Call us to discuss your needs if you recognize any of the below triggers at your company;

Big volume of Data

  • Data quality issues
  • Outdated systems
  • Desire for BI-tooling
  • Desire to automate processes

Digitalization

  • Manual spreadsheet processes must now be automated
  • Duplicated efforts, missed filings, and incurred penalties must be avoided

Deloitte Technological Solutions

✧ Robotic Process Automation (RPA)

Robotic Process Automation (RPA) is the use of software to automate high-volume, repetitive tasks. In Accounting, Tax and Finance our RPA services help you create automations/robots (bots), which are configured to execute repetitive processes such as submitting filings to tax authority web portals. With today's "always on" demands, tax professionals are under increasing pressure to do more with less. Automation can help you keep up with the speed of growth and development. Robotic Process Automation (RPA) is a flexible and transparent first step, providing an easy bridge beyond Excel.

✧ Data Wrangling tools - Automation

Digitalization in Accounting, Tax and Finance that is purpose-built for your challenges. Our Data Analytics capabilities help you address the specific big data and data complication challenges your department faces, whether it’s one solution at a time or a department-wide strategy. We combine our deep accounting, tax and finance knowledge with our hands-on experience across a range of data collection, wrangling, automation, and data analytics tools to help you harness the Power of With for smarter insights and stronger outcomes.

✧ Business Intelligence tools - Analytics

Business Intelligence tools is a compelling way to create and present reporting dashboards. The easy to use, intuitive dashboard allows for quick access to important information. Our Business Intelligence capabilities help to uncover hidden relationships or trends, identify outliers or errors in the data that may require correction or resolution, quickly compare results period over period while there is still time to identify, correct or address anomalies, and easily undertake scenario planning or modeling to make better business decisions.

✧ ERP System Design - Processes

Identifying specific workflows by job and function, process improvements to be implemented (perhaps even independently of the software), and roles and responsibilities within the new business processes to augment system design. While business process requirements were likely defined during the evaluation phase, they might not take into account the functionality of the chosen software. Our capabilities in ERP System Design can serve as the foundation to leverage the ERP system in producing key operational data to streamline processes.

The benefits for your business

✔️ Evolutionary change with revolutionary impact

As business evolved, CFO Services support finance departments to automate recurring processes, apply analytics for better insights and achieve greater precision

✔️ Accuracy with speed

For finance departments today’s regulatory requirements and risk in execution are greater than ever, our hybrid offerings (human with technology) help the clients to achieve accurate execution at the pace of business and regulatory demands.

✔️ Complexity with clarity

Complexity is no longer a barrier to meeting the desired CFO’s objectives. It could actually fuel informed strategy and decision-making. CFO Services enable clients to find connections in vast data sets and gain insights in real time - allowing these insights to streamline a company’s business operations, where it matters.

Get in touch

Maria Trakadi

Maria Trakadi

Partner | Tax

Maria is an Equity Partner, Tax Leader at Deloitte Greece and member of the Executive Committee. With more than 20 years of experience, she has been providing tax advisory services to Greek and multin... More