Smart Finance & Accounting Services with Advanced Analytics

Empowering the CFOs

Businesses are expanding on every front, and there is more pressure on chief finance officers (CFOs) than ever to ensure all transactions are sustainable and profitable. To achieve this, CFOs must embrace finance advanced analytics for real-time data processing, insights, and smart decision-making. TechM BPS’ FnA services, powered by AI and ML, equip CFOs with the right digital tools to enhance efficiency, transparency, and compliance in finance operations.

FnA Thumb

Our Approach

We transform processes to harmonize activities, simplify steps, and create ‘touch-free’ process flows. The 4-step transformation approach begins with ‘discovery’ which involves identifying functional areas, such as Invoices to pay, Orders to cash, and Record to report. Next, we leverage finance advanced analytics to build a transformation roadmap using process redesign, reimagining, or automation. We then assess and select the best technical tools for implementation. Finally, we execute the transformation strategy to drive efficiency and deliver measurable customer benefits.

Solution Highlights

Invoice To Pay

End-to-end invoicing allowing firms to move from erroneous and time-consuming manual processes to digitally transformed operations.

  • Vendor master
  • Invoice processing
  • Duplicate audit
  • Travel and expenses
  • Payment run
  • Vendor reconciliations
  • Accounts payable helpdesk
  • AceFin reporting and analytics

Improvement In:

DPO, PO penetration, E-invoicing, invoice receipt and processing time, duplicate payments

Order to Cash

Comprehensive cloud-based solutions to streamline the entirety of order to cash operations for improved account receivables.

  • Customer master
  • Credit evaluation
  • Order management
  • Invoicing and billing
  • Collections
  • Cash applications
  • Query management
  • AceFin reporting and analytics

Improvement In:

Automation percentage of billing and cash apps, collections, DSO, un-applied cash, revenue leakage

Record to Report

Leveraging AI/ML, analytics and automation to process data in real-time and generate visually insightful reports for record keeping and decision making.

  • General ledger master
  • Journals posting
  • Fixed assets
  • Intercompany
  • Books closure
  • Reconciliations
  • Financial planning and analysis
  • Review and report financials

Improvement In:

Automation percentage of journals and reconciliations, number of days close and open items, manual reporting

 

Transformation Benefits

Efficiency

  • 35-45% productivity gains over 3-5 years
  • 80-90% harmonized, straight-through processing

Controls

  • >95% adherence to policies and controls
  • Reduction in duplicate/fraud transactions

Value

  • 30-45% reduction in operating costs for the finance function
  • Significant decrease in asset, licensing, and modernization costs

Explore More

Business Process-as-a-Service (BPaaS)

Manufacturing

Get In Touch

Need more information?
We will take approximately 3-5 working days to respond to your enquiry.

By clicking on the submit button, you agree with the privacy policy.