Finance & Accounting BPaaS

Enterprises are facing huge business pressures to optimize processes, reduce operational costs and ensure regulatory compliance. Additionally, rapid globalization of operations is driving them to switch to innovative cloud-based models which do not require heavy Capex investments. Thus, there is a renewed focus on agile, cloud-based Finance & Accounting (F&A) business process platforms and operations.

How Wipro Helps

Based on proven F&A process proficiency and unparalleled cloud expertise, Wipro offers F&A process in an as-a-service cloud-based model, in collaboration with NetSuite. The solution enables:

  • A complete transformation of the F&A process
  • Creation of a global F&A environment supporting operations across multiple countries seamlessly

Wipro’s F&A BPaaS solution on NetSuite enables:

  • TCO reduction by 25-40 percent with savings visible in very first year
  • Consistent and efficient user experience delivered, for the F&A function
  • Zero Capex and variabilization of F&A function through ‘pay-per-use’ models
  • Improved process efficiency and adherence to compliance standards, with minimal risks
  • Quick implementation and operations readiness, ideal for spin-offs and new country entities

Client Success

Wipro improved the F&A process efficiency for Global Payments Brazil, through a zero-capex transaction-based business process as a service model, delivering client benefits:

  • Accelerated time-to-market- solution implementation in a span of less than 5 months leading to early realization of ROI
  • Regulatory adherence - through optimized and strengthened back office
  • Innovative business model - a zero Capex transaction-based pricing model
  • Improved operational efficiency and quality - providing a service efficiency of over 99.5%
  • Reduced Total Cost of Ownership (TCO) - with savings visible in the very first year

“Wipro executed a Business Process as a Service (BPaaS) solution for enabling the Finance, Accounting and Payroll business processes end-to-end, for our Brazilian operations. The solution platform was deployed in 5 months, to provide operational efficiencies and full regulatory compliance, in an innovative zero-capex business model.” - Rubens Silva, Finance Director, Global Payments, Brazil