Enterprises face huge business pressures to improve user experience and optimize the cost of operations. Ensuring regulatory compliance and mitigating risks through stringent budgeting and planning has become mandatory for CFOs.

Further, rapid globalization of operations is driving enterprises to switch to innovative and faster outsourcing models, to support new green-field opportunities and expand business to new geographies. The need for IT rationalization, process, and resource optimization are compelling organizations to look to an innovative ERP model for Finance and Accounting (F&A) IT transformation.

Organizations are therefore renewing their focus on agile F&A platforms and operations that require minimal Capex investments. Business growth through process efficiency at optimized costs is possible through an end-to-end F&A process in a utility ‘as-a-service’ cloud-based model.

Wipro’s F&A BPaaS

Based on proven business process proficiency in F&A and unparalleled cloud expertise, Wipro offers an end-to-end F&A BPaaS solution, in collaboration with NetSuite. The solution covers end-to-end F&A processes, with delivery in a modular fashion - you can choose to outsource the entire F&A function or a single process like “Invoice to Pay” or a sub process within that, like “Accounts Payable”, “Collections” or “Fixed Assets”.

The NetSuite platform, along with Wipro’s strong NetSuite capabilities, operations and process management tools, provides the backbone for this solution. The solution is built on a combination of industry-leading SaaS solutions, by leveraging best- in-class platforms across Finance and Accounting, Procurement, Order Management and Payroll processes.

Transformation across

• Invoice to Pay (I2P)
• Order to Cash (O2C)
• Record to Report (R2R)
• High-end Finance Processes

Wipro F&A BPaaS enables your business to achieve

• Cost Savings - Reduce Total Cost of Ownership (TCO) by up to 25-40 percent with savings visible in the very first year as compared to an on-premise solution
• Zero Capex & Flexible Pricing - Variabilization of F&A function through ‘pay-per-use’ models
• Enhanced User Experience - Consistent and efficient F&A user experience delivered
• Improved Process Efficiency - Adherence to compliance standards with minimal risks
• Business Agility and Operational Readiness - Quick implementation, ideal for spin-offs and new country entities

Our F&A BPaaS solution empowers you to selectively control and outsource your F&A processes in a variabilized cost model. The solution enables a complete transformation of the F&A process, and can create a global F&A environment supporting operations across multiple countries seamlessly.

Powered by Wipro’s BPO capabilities and F&A process expertise, our F&A BPaaS will bring efficiency and cost reduction to your F&A processes, transforming you into a more strategic and proactive growth engine.

Success Story

Wipro successfully optimizes the F&A processes for a leading payments processing company through F&A BPaaS

A leading payments processing company chose to optimize their processes with Wipro’s F&A BPaaS. The solution enabled the end-to-end processing of millions of payment cards, cheques and e-Commerce transactions worldwide. Wipro optimized and strengthened the client’s back office operations to support business requirements, with real-time visibility on KPI’s with reduced risks and lower TCO.

Key benefits include:

• Time to market - less than 5 months to deliver a complete turnkey solution
• Lower TCO, high operational efficiencies and full regulatory compliance
• End-to-end optimization - People, Process, Technology and Financials
• Real-time visibility on KPI’s and reports
• Integration with Taxation and Payroll tools