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