The use of digital solutions in accounting
Digitalization does not stop at accounting. Digital solutions for process optimization and automation are in demand. Companies want to remain competitive, increase efficiencies and reduce costs.
Capital Markets & Accounting Advisory Services supports companies on their way into the digital future. We advise on the selection and implementation of digital solutions for specific accounting issues, financial statement preparation and reporting, and modern knowledge management. In doing so, we rely on new technologies such as AI (artificial intelligence) and Robotic Process Automation (RPA) in addition to our distinctive expertise in accounting and IT. On the one hand, we have self-developed solutions, and on the other hand, we advise on solutions on the market.
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Topic areas and associated digital solutions at a glance
- Special accounting topics
- Preparation of financial statements and reporting
- Modern knowledge management
- Document Analysis
- Control of process automation
Special accounting topics
Revenue recognition: We provide technical and procedural advice on the introduction of revenue recognition software available on the market.
Tax accounting: We provide technical and procedural advice on the introduction of existing tax accounting software.
Leasing: We provide technical and procedural advice on the introduction of existing software for lease accounting.
Internally generated intangible assets: We provide technical and procedural advice on the introduction of existing software on the market and software to be developed individually.
Preparation of financial statements and reporting
Consolidation and group controlling: We provide technical and procedural advice on the introduction of ERP-independent planning and consolidation software available on the market.
Reporting: We provide technical and procedural advice on the introduction of existing disclosure management solutions. Such solutions integrate different data sources and automate the reporting process.
ESEF/iXBRL reporting: We provide technical and procedural advice on the introduction of existing solutions (built-in or bolt-on solutions) for ESEF/iXBRL reporting.
Organization of the closing process: We provide technical and procedural advice on the introduction of existing software for the organization of the closing process, so-called closing management tools.
Modern knowledge management
Policy management: SmartPedia provides an overview of policies in use, links them and eliminates duplications, contradictions and documentation gaps.
Accounting questions: PwC’s Accounting & Reporting Assistant ARA provides answers to accounting questions.
IFRS training option: PwC's IFRS eLearning Academy offers modular, English-language training on international accounting.
Document Analysis
Anonymize documents: PwC's Anonymizer revises documents and makes them available anonymously in seconds.
Classification of documents: PwC’s ADAM digitally captures paper documents and automatically reads out all relevant information.
System-supported invoice capture: PwC’s ADAM IDEA digitally captures invoices using artificial intelligence and automatically reads out all relevant information.
Automated document readout: PwC’s ALI finds the right text passages in unstructured documents for legal requirements and performs reconciliation actions.
Benchmarking: PwC’s AI Benchmarking enables a KPI comparison between companies with the use of artificial intelligence.
Control of process automation
PwC’s RPA Cockpit controls and documents process automation.
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