Financial management
Making effective business decisions requires considering the key factors affecting your company's development. KPMG can help you identify these factors by building effective financial planning and performance management systems.
Working closely with clients' senior management, the KPMG team helps companies to align their budgeting, management reporting, and performance management systems with their strategic objectives by:
- establishing a comprehensive performance management system and developing a KPI system in line with strategic objectives
- identifying and assessing weaknesses in budgeting, forecasting, and management reporting processes, and providing recommendations for process redesign, organisational alignment and technology enhancement, as well as developing a detailed transformation plan
- developing a target planning and reporting methodology, helping to implement said methodology through relevant IT solutions.
How can you maintain cost accounting and management effectively?
Business has faced tough economic conditions in recent years. Today’s difficult economic environment means organisations need greater levels of insight into the cost and related profitability of their products, customers, and various business lines than ever before.
Management needs access to accurate information on key cost drivers in order to respond quickly to changing conditions and properly assess the financial impact of management decisions. Potential cost optimisation exercises need a solid, objective basis for benchmarking from which to start.
Costing analysis results organised in a comprehensive database serve as a foundation for:
- insights into the cost structure and profitability of services, markets, and clients
- strategic decision making and outsourcing
- business process improvements
- benchmarking
- performance measurement.
How can KPMG in Ukraine help improve cost management efficiency?
By combining practical experience with a solid methodological background, KPMG’s professionals help customers to improve cost management efficiency by developing effective cost management frameworks, methodologies, and models.
We provide the following services:
- Assessing cost accounting methodology alignment with strategic and operational goals.
- Providing recommendations for cost accounting processes and methodology redesign, developing detailed transformation plans.
- Developing target cost allocation and cost models, and implementing relevant IT solutions.
Andriі Tymoshenko
Partner, Head of Management Consulting, Head of Infrastructure, Transport & Logistics
KPMG in Ukraine
Management Consulting Services
Finance and treasury management
The KPMG in Ukraine team stands ready to assist your business finding solutions to complex problems in the field of finance, risk, and treasury management, as well as proactively identifying potential areas where problems may develop in the future.
Our team can make a diagnosis of the current maturity level of your finance, risk, and treasury management functions and provide expert advice with recommendations for optimisation.
We work with all companies, irrespective of their size and the complexity of their business transactions, offering solutions in the following key areas:
- Treasury management
- Working capital management
- Corporate financial risk management
Why might a business need treasury management support?
The main purpose of treasury management is to ensure the optimal level of liquidity at the lowest cost so that your company can achieve its strategic goals, all while keeping risk at an acceptable level. Proper treasury management enables you to best use the resources available to you, while minimising operating costs and avoiding potential liquidity shortages in the future.
Our team can assist in transforming key treasury functions, offering services including (but not limited to):
- payment management
- bank interaction
- placement of available funds
- debt financing
- collecting cash position
- intra-group financing
- planning and forecasting, etc.
What tasks can KPMG in Ukraine's treasury management specialists help you with?
We can assist you with:
- cash and liquidity management
- bank interaction and corporate dealing
- financial planning and cash flow forecasting.
What is the goal of working capital management?
The key objective of working capital management is to define and maintain the necessary level of working capital for your company's ongoing operations, providing solvency in the short term. Effective working capital management is a necessary factor for company’s to develop and grow successfully.
Which working capital management issues can the KPMG in Ukraine team help you resolve?
- Identifying the optimal structure of current assets.
- Managing accounts receivable, inventory, and other elements of current assets.
- Calculating the highest possible level of short-term investments.
- Managing short-term funding sources.
Why is corporate financial risk management important?
The objective of the corporate risk management function is to ensure your company achieves strategic objectives and improves financial stability by mitigating potential financial risks.
Effective integrated risk management enables your company to make its operating, investing, and financing activities more predictable.
How can KPMG help optimise the risk management functions in your company?
We can assist you by:
- conducting diagnostics and benchmarking risk management functions
- identifying, assessing, and developing measures to minimise risks
- developing new and updating existing methodological and regulatory frameworks
- developing quantitative tools for assessing risk and the effects of risk mitigation measures
- integrating risk management functions into your company's core business processes.
Forecasting, planning, and analysis
Navigating unpredictable markets requires resilience and agility in order to for your company to survive and thrive. The KPMG in Ukraine team can provide CFOs with the tools necessary to support informed decision-making regarding efficiency improvements across the entire enterprise.
We help companies to develop a common performance management framework, enabled through appropriate technology investments and the design of a unified cohesive data model.
How can KPMG specialists help improve business efficiency?
We believe that in order to make performance management more efficient, companies should focus on the three key areas:
- creating sustainable planning, budgeting, and forecasting models
- robust performance reporting that gives the enterprise greater insight in present operations and anticipates future developments before they occur
- dimensional profitability and costing capabilities, helping to provide deep-rooted analytics on the underlying drivers of business value.