Finance and Accounting Transformation

Finance and Accounting Transformation

Enterprises today are scouting for IT outsourcing partners who can help them enhance scalability, increase workforce productivity, and reduce operating costs. They need to incorporate Finance and Accounting (F&A) services into their outsourcing operating model as a strategy to comply with stringent regulatory norms, align closely with business demands, and reduce cost pressures. NIIT Technologies’ F&A Services are designed to assist you in establishing compliance and controls, balancing expense vs. growth, reducing cash cycles, and maximizing ROI.

We aim at reducing process delivery cost, and standardizing and automating F&A processes. We offer a comprehensive portfolio of traditional F&A services that integrate critical business processes such as Procure-to-Pay, Order to Cash, Record to Report, and Travel and Expense.

Key Features

  • FinGénie: One-of-a-kind technology-enabled transformational solution that standardizes and automates business processes. NIIT Technologies developed FinGénie as a single cohesive platform that simplifies business process flows along with a unified interface to multiple financial ERP and accounting solutions, to achieve economies of scale and provide a complete view of clients’ business processes.
  • ProcessGymSM: A consulting framework to identify opportunities for process reengineering, automation, and risk mitigation.

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The NIIT Technologies Advantage

  • Process standardization and consolidation through better compliance to latest regulations
  • Reduction of costs by up to 30-40% through consolidation and creation of shared services center
  • Single view of entire finance and accounting function with reporting tools and dashboards
  • Effective risk management through successful transition and steady-state operations
  • Improved productivity and efficiency through a continuous process improvement roadmap
  • Easier management of volume fluctuations through cross-training programs
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