Corporate Finance, Procurement & HR Consulting

Finance, Procurement & HR

Sustainably transforming the key functions of the company

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Finance, Procurement, Risk & HR functions are undergoing transformations to support business evolution, meet regulatory constraints, leverage digitalization, and place data at the core of their processes.

From opportunity assessment to operational implementation, our multidisciplinary teams build tailored responses to ensure successful transformation, bringing best practices, deep sector understanding, technological enablers, and human capital development.

Our consulting services

How we support your business goals with Corporate Finance Consulting, Procurement & HR

Finance

Supporting the transformation of the finance function

Our close relationship with finance departments and expertise in technological enablers that place data at the core of the function allow us to successfully support you through your most complex transformations.

Leverage ERP and EPM changes to simplify, standardize, and automate finance processes and build the sought-after data-centricity, enabling performance and risk management, decision-making, simulations…
Turn management control, liquidity, and ALM functions into true performance drivers for the company: embrace the data shift, adopt agile EPM or analytics tools, rethink budgeting processes and forecasting/stress-testing models to enhance the company’s anticipatory capacity and responsiveness.
Transform the limitations of outdated consolidation, financial, and regulatory reporting tools into opportunities to rethink processes, data models, production timelines, and controls.
Integrate ESG dimensions into enterprise performance management and position the finance department as a “sustainable business partner” alongside the CSR team.
Redesign the Finance function globally by designing and implementing next-generation Global Business Services (GBS) and Shared Service Centers (SSC).
Support the implementation of accounting standards and local and international regulatory changes (IFRS, Basel, ESG/CSRD, Pillar 2/GloBE, e-invoicing…) while maximizing the return on these projects beyond mere compliance.
Foster or reinforce continuous improvement in core processes by combining lean methods with digital tools (notably AI and data-centric approaches) and supporting upskilling: Fast close, Order to Cash (O2C), Procure to Pay (P2P), Record to Report (R2R), etc.

Procurement

Supporting the transformation of the procurement function

A comprehensive and diverse offering addressing the major challenges of procurement transformation. Thanks to our diverse expertise, we intervene at every major stage of the procurement process:

Organization: We design transformation roadmaps for the extended procurement function (including delegated procurement and supply), integrating processes, IT systems, organizational aspects, adoption strategies, and team support (coaching & training).
Technology & Data: We design and implement Source-to-Pay systems, improve supplier relationship and risk management (SRM & SVM), and work to enrich and secure core procurement data (supplier databases, contracts, segmentation) to fully leverage new technologies including AI.
Contract Management: We define the scope and assist in the selection and deployment of solutions dedicated to the management of contracts and their data (upstream and downstream). We design target operating models from contract creation, validation, and electronic signature to the management of commitments through to their renewal or expiration. We establish dedicated Contract Manager organizations.
Responsible Procurement: We conduct ESG maturity diagnostics and risk analyses, support RFAR labeling, decarbonize procurement practices, and analyze CSRD’s impact on governance, tools, and processes.

Risk

Supporting the transformation of the risk function

Our close collaboration with risk departments, mastery of technology enablers, and deep understanding of regulatory requirements specific to the financial sector (BCBS 239, ECB audits, etc.) that place data at the core of the function, enable us to support our clients through complex transformations.

Capitalize on Risk IT system evolutions to simplify, standardize, and automate risk processes and build the desired data-centricity for capital and risk management, stress testing, simulations…
Transform capital management, NPL, and end-to-end credit risk functions into performance drivers: rely on trusted data, use big data or agile analytics tools, rethink calculation engines and forecasting/stress-test models to increase anticipation and agility.
Turn outdated regulatory and prudential consolidation systems into opportunities to rethink processes, data granularity, production timelines, controls, and audit trails.
Rethink the Risk function’s organization as a full-fledged business line and implement next-gen GBS and SSC structures for certain functions.
Support the implementation of local and international regulatory changes (Basel IV, ESG, iRef, BIRD, IFRS 9 & 17…) while maximizing investments and outcomes beyond pure compliance.
Promote or strengthen continuous improvement dynamics in core processes by combining lean and digital (including AI and data-centricity) and supporting upskilling in data analysis.

Human Ressources

Supporting the transformation of the HR function

HR professionals now position themselves as true strategic partners, responsible for employee experience and acting as coaches for managers. Given the evolution of their missions, we’ve identified three major challenges for the HR function:

Transforming to meet the evolving demands of the function.
Supporting employees through various transformations.
Promoting employee social, societal, and environmental engagement and fostering their well-being.

Wavestone supports you in addressing these challenges through proven expertise and innovative capabilities:

Deep knowledge of all HR functions: We tackle complex topics such as employer branding, talent retention and development, workforce planning and career paths, as well as social dialogue.
Learning & Development expertise: We support major transformation programs through digital learning design expertise, innovative tools, and experience in corporate universities/academies.
Digital HR expertise: We help define HR master plans and support the selection and implementation of HRIS solutions.
HR AI and Data expertise: We assist in structuring, securing, leveraging, and governing HR data to enhance decision-making.
Change management expertise: We ensure the success of cultural, digital, functional, and environmental transformations impacting human capital.

We are ready to support you in transforming your HR function to meet today’s and tomorrow’s challenges.