-
Digital Natives
Unlock growth with Grant Thornton Bharat's Digital Natives solutions. Customised support for tech-driven companies in healthcare, gaming, and more.
-
Business Consulting
Our business consulting specialists offer a comprehensive blend of strategic advisory services. We assess the business, industry, operating model, synergy, skill sets and vision of the organisation and recommend the way forward
-
Digital Transformation Services
Grant Thornton’s digital transformation services help traditional businesses digitalise their business models with cloud technology, IoT consulting, app development and more DigiTech solutions.
-
Human Capital Consulting
Our Human Capital Consulting team harnesses technology and industry expertise to assist in constructing adaptable organisations with transparency, fostering productive and value-driven workforces, and inspiring employees to engage meaningfully in their tasks.
-
Production Linked Incentive Scheme
Production-linked Incentive Scheme by the Indian government is aimed at boosting manufacturing. Grant Thornton Bharat offers varied services across sectors to help businesses avail of this scheme.
-
Public Sector Advisory
Our Public Sector Advisory team has focused streams, aligned with the core priorities of the Government of India. We are responsible for providing innovative and customized technical and managerial solutions.
-
Tech Advisory
We have amalgamated Digital Transformation, IT Advisory & Information Management and Analytics into a new offering, DigiTech.
-
Direct Tax services
Our tax specialists offer a comprehensive blend of tax services, tax litigation, regulatory and compliance services, helping you navigate through complex business matters.
-
Indirect Tax Services
Get tax services by leading tax firm Grant Thornton India. Our indirect tax services include consulting, compliance and litigation services for corporate, international and transaction tax
-
Transfer pricing services
Our transfer pricing services experts provide a range of services from provision of APA services to handling large global assignments including Country by Country reporting.
-
US Tax
At Grant Thornton, we help individuals and dynamic companies deal with US tax laws, which are one of the most complicated tax legislations across the world.
-
Financial Services - Tax
Best financial advisory services, tailored for small and large businesses by the experts having comprehensive knowledge of domestic laws and access to multifaceted tools to provide a valuable results.
-
Financial Reporting consulting services
Our experts have significant hands-on experience in providing IFRS/US GAAP services, end-to-end solutions and support services to fulfil financial reporting requirements.
-
Fund accounting and financial reporting
International operations often lack standardisation and have varied local reporting formats and requirements. Our experts can offer proactive insights, practical guidance, and positive progress and help meet regulatory timeframes.
-
Compliance and Secretarial Services
Our experts can assist in overhauling the entire compliance machinery of the organisation through evaluation of the applicable statutory obligations, monitoring of adequate governance controls, reporting and providing ongoing support.
-
Global People Solutions
As businesses transcend borders, both domestic and global considerations need equal attention. Our interim CFO and financial controller support services help organisations meet the business vision.
-
Finance and accounting outsourcing
Our accounting experts assist organisations in managing their accounting and reporting. Our dedicated Integrated Knowledge and Capability Centre (IKCC), allows us to service both the domestic and global markets efficiently and cost-effectively
-
Compliance Management System
We have automation solutions for you that will allow meeting government requirements and remain diligent, which when failed, can lead to penalties and loss in revenue.
-
IKCC: Grant Thornton's Shared Service Centre
The India Knowledge and Capability Centre (IKCC), aimed at delivering solutions by developing capabilities, has completed four years of its journey.
-
Global compliance and reporting solutions
At Grant Thornton Bharat, we meet the challenges of our clients and help them unlock their potential for growth. Our professionals offer solutions tailored to meet our clients’ global accounting and statutory reporting requirements. With first-hand experience of local reporting requirements in more than 145+ locations worldwide, we provide seamless and consistent international service delivery through a single point of contact.
-
Related Party Transactions Governance
Grant Thornton Bharat's comprehensive related-party transaction services ensure good governance by adhering to regulatory requirements, promoting transparency, and providing robust policies for compliance, documentation, and accountability in related-party transactions.
-
Private Client Services
Grant Thornton Bharat Private Client Services offers tailored advisory for family-owned businesses, focusing on governance, compliance, tax, succession planning, and family office structuring to sustain wealth and preserve legacies across generations.
-
GTMitra: Tax & Regulatory Tool
GTMitra, a specialised tax and regulatory tool by Grant Thornton Bharat, supports multinational businesses in understanding laws and regulations for effective growth strategies.
-
Labour codes
Labour codes solutions help you transition through the new legislation. At Grant Thornton, we help businesses divide their approach to make sure a smooth transition.
-
Alerts
At Grant Thornton India, with the help of our tax alerts, we help to provide updates on how to minimise your tax exposure and risks.
-
Cyber
In today’s time, businesses have gone through large transformation initiatives such as adoption of digital technologies, transition to cloud, use of advanced technologies et al.
-
Governance, Risk & Operations
Our Governance, Risk and Operations (GRO) services encompass Internal Audit, Enterprise Risk Management, Internal Financial Controls, IT advisory, Standard Operating Procedures and other services.
-
Risk analytics
Grant Thornton Bharat’s CLEARR Insights is a state-of-the art data analytics platform that will help you in seamless data analysis and efficient decision-making.
-
Forensic & Investigation Services
The team of forensic advisory services experts consists of the best intelligence corporate experts, and fraud risk, computer forensic experts to deliver most effective solutions to dynamic Indian businesses.
-
ESG consulting
Grant Thornton Bharat offers holistic ESG consulting solutions for sustainable business outcomes. With industry expertise and AI technology, we drive long-term value.
-
Transaction Tax Services
Our transaction tax experts understand your business, anticipate your needs and come up with robust tax solutions that help you achieve business objectives ensuring compliance and efficiency
-
Deal Advisory
Unlike other M&A advisory firm in India, we offer deal advisory services and work exclusively with controlled and well-designed strategies to help businesses grow, expand and create value.
-
Due Diligence
Grant Thornton’s financial due diligence services are aimed at corporate looking for mergers and acquisitions, private equity firms evaluating investments and businesses/promoters considering sale/divestment.
-
Valuations
As one of the leading valuation consultants in India, Grant Thornton specializes in all the aspects of the process like business valuation services, financial reporting, tax issues, etc.
-
Overseas Listing
Overseas listing presents a perfect platform for mid-sized Indian companies with global ambitions. Grant Thornton’s team of experts in listings, work closely with clients during all stages.
-
Debt & Special Situations Solutions
Grant Thornton Bharat offers specialist debt and special situations consulting services, including restructuring, insolvency, and asset tracing solutions.
-
Financial Reporting Advisory Services
Grant Thornton Bharat Financial Reporting Advisory Services offer end-to-end solutions for complex financial requirements, including GAAP conversions, IPO support, and hedge accounting advisory, ensuring accurate financial reporting and compliance.
-
Financial Statement Audit and Attestation Services
Grant Thornton Bharat offers customised financial statement audit and attestation services, ensuring impeccable quality and compliance with global standards. Our partner-led approach, technical expertise, and market credibility ensure effective solutions for your business needs.
- Agriculture
- Asset management
- Automotive and EV
- Aviation
- Banking
- Education and ed-tech
- Energy & Renewables
- Engineering & industrial products
- FinTech
- FMCG & consumer goods
- Food processing
- Gaming
- Healthcare
- Urban infrastructure
- Insurance
- Media
- Medical devices
- Metals & Mining
- NBFC
- Pharma, bio tech & life sciences
- Real estate and REITs
- Retail & E-commerce
- Specialty chemicals
- Sports
- Technology
- Telecom
- Transportation & logistics
- Tourism & hospitality
-
Article Agriculture and Budget: Immediate compulsions and long-term visionGovernment focuses on sustainable agriculture, digital infrastructure, and market intelligence to enhance productivity and global competitiveness in agriculture.
-
Article Union Budget 2024 expectations: Building resilience for consumer industryUnion Budget 2024 expectations: Building resilience for consumer industry
-
Thought Leadership Grain to gain: Impact of corn on India’s biofuel revolutionExplore Grant Thornton insights on unlocking India’s Energy Potential on Corn-Based Ethanol as a sustainable fuel solution.
-
Case study Transforming agriculture: The rise of Drone DidisDiscover how Grant Thornton Bharat's Drone Didis initiative empowers rural women and transforms agriculture with drone technology. Learn more about this success.
-
India-UK
India-UK
In the last few years, shared services companies (SSCs) have evolved into Centres of Excellence (CoEs), often reporting directly to global CXOs or Boards of Directors. The strategic significance of these centres is evident from their pivotal role in cost optimisation, process efficiencies, standardisation and large-scale digital transformation.
In this transformative journey, finance CoEs have emerged as crucial players. However, what is an CoE? Let us find out before we delve deep.
A Center of Excellence (CoE) is a centralised team or group within an organisation that possesses specialised knowledge, skills, and resources in a particular area. The primary purpose of a CoE is to promote excellence, innovation, and best practices within an organisation by providing expert guidance, support, and resources related to a specific function or discipline. A CoE is commonly established in various domains such as technology, finance, human resources, marketing, and more.
A CoE, often referred to as a “knowledge centre,” enables organisations to utilise their knowledge for cost-cutting and improving service levels. Similar to SSCs, a CoE also streamlines operations, allowing fewer individuals to handle tasks and reducing fragmentation to enhance overall productivity with fewer resources. However, unlike SScs, which primarily focus on reducing the cost of services delivered to organisational units, CoEs aim to leverage capacities rather than just necessary cost-cutting. Many times, CoEs increase expenses in pursuit of using knowledge and experiences to reduce the total cost.
In the ever-evolving landscape of SSCs, a paradigm shift is underway, propelled by a synergy of domain expertise and advanced technologies. No longer confined to transactional roles, these centres are transforming into strategic value hubs, adept at navigating market volatility and ensuring resilience against future uncertainties.
The illustration below highlights commonalities and differences between an SSC and a CoE.
In the case of a Finance CoE, their benefits can resonate throughout the organisation — from process standardisation impacting bottom-line growth to digital adoption enabling capability arbitrage. Finance COEs elevate customer experiences leveraging first-party data and insights across functions. With financial planning and compliance at the core, these COEs empower organisational scalability, shifting from why, to how and where to establish them.
Here's a comprehensive overview of the role of a Finance CoE and its impact on different aspects of the organisation:
- Financial reporting and analysis:
- The CoE ensures generation of accurate, timely, and standardised financial reports, providing stakeholders with reliable information for decision-making.
- Leveraging advanced analytics tools, a CoE conducts in-depth financial analysis, offering insights that drive informed decision-making.
- Budgeting and forecasting:
- The CoE streamlines budgeting and forecasting processes, improving accuracy and allowing for better resource allocation and financial planning.
- Through continuous monitoring and analysis, the CoE helps identify and address variances between actual and projected financial performance.
- Internal controls and compliance:
- The Finance CoE contributes to the development and implementation of robust internal controls, managing financial risks and ensuring compliance with regulatory requirements.
- It supports internal and external audits by providing documentation, insights, and expertise, facilitating a smoother audit process.
- Internal audit:
- The Finance CoE provides specialised knowledge and guidance to internal audit teams, ensuring they have access to latest industry standards and regulatory requirements.
- By centralising expertise, the CoE helps in identifying and managing financial risks effectively, ensuring that internal audit processes are robust and aligned with organisational objectives.
- Process optimisation:
- The CoE identifies opportunities for process optimisation within financial workflows, reducing manual efforts, minimising errors, and improving overall efficiency.
- Standardising financial processes ensures consistency and helps in adapting to changing business environments.
- Technology integration and automation:
- The Finance CoE explores and integrates new financial technologies, driving digital transformation and enhancing the efficiency of financial operations.
- It leverages automation tools to streamline routine tasks, allowing finance teams to focus on more strategic and value-added activities.
- Training and development:
- The CoE supports the continuous development of finance professionals by providing training programmes and resources, ensuring that the team stays abreast of industry best practices and emerging trends.
- Change management:
- During periods of organisational change, the Finance CoE provides guidance on financial implications, supporting effective change management and minimising disruption.
- Cross-functional collaboration:
- The CoE fosters collaboration between finance and other departments, ensuring that financial strategies and initiatives are aligned with the overall organisational strategy.
- Continuous improvement:
- Through ongoing analysis and feedback, the CoE contributes to the continuous improvement of financial processes, adapting to changing business needs and external factors.
While CoEs provide several advantages, setting up a Finance COE comes with inherent challenges, ranging from understanding the value extracted from these centres to navigating regulatory complexities across geographies. Finding and installing the right talent, along with budgetary constraints, further complicates the set-up process. However, working within an existing mature ecosystem proves to be the most effective strategy. Finance is the second-most mature function within Indian global capability centres (GCCs), with a quarter of GCCs in India already establishing more than one Finance COE, providing strategic support for global headquarters.
The golden path of Indian Finance COEs unfolds as a transformative journey, where domain expertise converges with technological prowess, positioning India as a global hub for strategic Finance CoEs. Embracing this shift holds the key to unlocking unparalleled value, scalability and resilience for organisations venturing into the realm of Global Business Services.