HOLMES for Chief Financial Officer (CFO)

AI and analytics for data-based business execution, better compliance and minimized risks

Business agility requires leaders to have real-time information to make decisions, whether they are in the office or on the go. Finance is the heart of any organization, and to thrive in the market, a company’s finances must be maintained on a timely basis. CFO teams spend around 45-50% of time in just gathering and consolidating data. With the CFO role evolving and changing to be a less of a bookkeeper and more of a strategic business leader, it demands the F&A team to focus more on high value activities such as strategic planning and also, to empower CFO’s with timely information.

Wipro HOLMES^TM automates activities across digital finance value chain. It hyper-automates transactional intensive activities such as accounts receivable/payable and service desk and also provides automation solutions for judgment intensive activities like journal entry and revenue prediction. It activates ‘early warning system’ and helps finance department to audit all their invoice-based spend and can spot errors, frauds and contract violations, prior to the payment. AI captures the learning from history across multiple dimensions that has an influence on prediction, thus enabling data-based business execution leading to improved risk management and auditor experience.

Our Success Stories

HOLMES for Chief Financial Officer (CFO)

IDC Customer Spotlight: AI-Based Revenue Shaping as a Tool to Improve Business Outcomes

Levi Strauss & Co. (LS&Co.), one of the world's largest brand-names in apparels, was exploring ways to improve their accuracy of revenue forecasting. Their existing process involved a manual, "bottom-up" aggregation of forecasts from each of its business units. An enhanced revenue forecasting model meant the availability of accurate market information for the sales and marketing team, leading to informed decision making.

What We Do

Enterprise Know Your Customer

Improve due diligence and reduce costs

Contract Intelligence

Combining AI with contract management

Insurance Claims Fraud Detection

Identify threats, Combat Fraud

Procure to Pay Anomaly Detection

Detect Frauds, Plug Fund Leakage

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Wipro HOLMES™ for Chief Financial Officer (CFO)

Our Success Stories

IDC Customer Spotlight: AI-Based Revenue Shaping as a Tool to Improve Business Outcomes

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What We Do

Enterprise Know Your Customer

Contract Intelligence

Insurance Claims Fraud Detection

Procure to Pay Anomaly Detection

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Digital

HOLMES

Innovation

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