At Grant Thornton Bharat, our Financial Services consulting team stands as a committed force to bolster financial services across various industries.

We acknowledge the continuously shifting challenges encountered by organisations in today's dynamic landscape. Infusing a mix of proficiency, seasoned experience, and steadfast enthusiasm, we create customised enterprise solutions, empowering our clients to thrive.

Our Financial Services Consulting

End user computing

Manage end user computing effectively to mitigate process, regulatory, and reputational risks. Grant Thornton Bharat offers tailored solutions for governance and control.

Auto data lineage and cataloguing

Our tool offers an end-to-end data lineage, automated data discovery, and data management to ensure data governance, improve data quality, and achieve regulatory compliance with ease and efficiency.

Travel and expense management

We have collaborated with Happay to provide travel & expense management software that addresses organisational requirements for travel, expense, GST, and integration and analytics.

End user computing

Manage end user computing effectively to mitigate process, regulatory, and reputational risks. Grant Thornton Bharat offers tailored solutions for governance and control.

Travel and expense management

We have collaborated with Happay to provide travel & expense management software that addresses organisational requirements for travel, expense, GST, and integration and analytics.

Auto data lineage and cataloguing

Our tool offers an end-to-end data lineage, automated data discovery, and data management to ensure data governance, improve data quality, and achieve regulatory compliance with ease and efficiency.

Our approach

 

Our experience

Our Financial Services consulting team comprises over 50 seasoned professionals with a wealth of collective experience spanning various industries within this domain. We are on a rapid growth trajectory and anticipate reaching a team strength of 100 by the end of the year. At present, we cater to the needs of more than 15 clients in this sector, delivering specialised solutions meticulously tailored to address their distinct requirements.

Detailed understanding of our work

Finance transformation
  1. Aligning with CFO’s vision: Through collaboration with your finance team, we understand the vision for finance functions, defining both short-term and long-term goals aligned with your organisation's strategic direction.

  2. Process diagnostics: Utilising design thinking ideation sessions, we pinpoint process pain points, assess criticality, identify value addition opportunities, and conduct root cause analyses to shape a solution landscape optimising financial processes.

  3. Stakeholder management: Listening to internal perspectives, we uncover underlying expectations from a diverse range of stakeholders, driving business alignment and fostering meaningful partnerships.

  4. Industry benchmarking: Our industry benchmarking exercises help assess your organisation's market position, assessing process efficiency, policy adherence, data management practices, technology enablement, organisational structure, and talent.

  5. Transformation roadmap: Charting a clear path for your finance transformation journey, our roadmap focuses on short, medium, and long-term objectives, guiding your organisation toward sustainable change.

  6. Implementation and support services: Providing comprehensive support, we ensure the seamless execution of your finance transformation journey, aligning with short, medium, and long-term goals for enduring organisational change.
Operational finance
  1. Intercompany and consolidation: Offering a clear path for finance transformation, we focus on short, medium, and long-term objectives, guiding your organisation toward sustainable change.

  2. Order to Cash (O2C): Optimising workflows, automating processes, and enhancing customer experiences, our O2C transformation services prioritise seamless order processing, invoicing, and revenue recognition.

  3. Procure to Pay (P2P): Streamlining purchasing, automating processes, and enhancing supplier relationships, our P2P transformation services drive efficient procurement operations, leading to cost savings and improved supplier management.

  4. Travel and expense management: Streamlining travel reimbursements, automating approvals, optimising spending, and enhancing controls, we ensure compliance while improving the overall employee experience.

  5. Finance reconciliation: Automation is crucial for efficient accounting operations, and our reconciliation services expedite matching, ensure accuracy, and streamline financial data reconciliation.

  6. Chart of Account services: Tailoring the chart of accounts to better align with reporting needs, ensuring financial analysis and effective decision-making.

  7. Balance sheet substantiation: Automating verification processes to enhance accuracy in balance sheet substantiation, our transformation services streamline compliance, ensuring efficient financial reporting.

  8. Reporting transformation: Optimising reporting through improved data accuracy and enhanced presentation for more efficient and insightful financial reports.

  9. General ledger and sub-ledger: Streamlining accounting processes related to the general ledger (GL) and sub-ledgers, we automate reconciliations, enhancing data accuracy for efficient and compliant financial management.

  10. Implementation and change support: Our transformation services streamline accounting processes related to the general ledger and sub-ledgers, automating reconciliations and enhancing data accuracy for efficient and compliant financial management.
Enterprise performance management
  1. Management reporting transformation: Revamping management reporting through advanced analytics, real-time data, and visualisation tools, yielding concise, actionable insights.

  2. FP&A: Integrating predictive analytics, AI, and agile processes into financial planning and analysis (FP&A).

  3. Dashboarding and self-service reporting: Deploying advanced analytics transformation services, including AI, machine learning, and big data tools.
Regulatory reporting
  1. US regulatory reporting (SEC, Fed)

  2. Bank of England (BoE returns, PRA & FCA reporting)

  3. HKMA reporting

  4. EBA reporting 
Finance data supply chain
  1. Finance data quality: Enhancing finance data quality by complying with BCBS 239 standards, ensuring robust governance for accurate and reliable reporting.

  2. Finance data lineage: Focusing on improving finance data lineage by implementing transparent, traceable data paths to ensure accuracy and compliance.
Future of finance
  1. Integrated reporting: Aligning financial data with Environmental, Social, and Governance (ESG) data and overall strategy, our transformation services enhance transparency and engage stakeholders cohesively.

  2. Readiness for sustainable finance: Conducting tailored evaluations to analyse financial strategies, risk management, budgeting, reporting, and governance from a sustainability perspective to ensure organisations are well-prepared for sustainable financial practices.
Managing finance operations
  1. Process re-engineering: Identifying areas for process improvement and redesigning processes to enhance efficiency, reduce costs, and improve outcomes.

  2. Process transformation: Driving comprehensive process transformations, from rethinking workflows to implementing innovative solutions.

  3. Operations: Covering ongoing finance operations, ensuring sustained excellence in financial management.
End User Computing
  1. EUC diagnostics

  2. Remediation strategy and execution plan

  3. EUC management solution implementation

Get in touch

Suresh Venkatesan

Chennai

+91 44 4294 0000

Vinay Shukla

Gurugram

+91 124 462 8000