Finance & Accounting Services

The advent of new technologies and business models allow seamless transformation of your finance organization. Mphasis finance and accounting function help CFO’s design, transform and run their multi-process F&A function (procure to pay; record to report; order to cash), processes and operations, to realize their transformation objectives.

Trends

  • Emerging impact of SaaS / Cloud based solutions
  • Labor arbitrage giving way to benefits of technological upgrade
  • Finance & Accounting is leading the adoption of robotics & analytics
  • Digitization to eliminate paper especially in the procure to pay (P2P) and order to cash (O2C) processes

Case Studies

Complete transformation of the Account Payment process from manual to automated

Implemented the Account Payable Automation solution and reduced human intervention and invoice processing cycle time with > 99% + accuracy



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33% reduction in cost of operations by implementation of six sigma project

Implemented automation solutions and BPM workflow to improve the performance resulting in 33% reduction in cost of operations by implementation of six sigma project



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Mphasis Credentials

  • $1+ billion of cash applied
  • 1 billion+ collection transactions
  • 1 million+ invoices processed
  • 2 thousand+ balance sheets analyzed
  • 0.5 million+ journal entry transactions processed
  • 2 thousand+ accounts reconciled
  • 9 Industries served including Financial Services, Insurance, Healthcare, Telecom, Media & Entertainment and Manufacturing

The Mphasis Advantage

  • Best of breed cloud based platforms in P2P, O2C and R2R for pain free transformation
  • Digitization - invoice processing moving from paper to digital
  • Variable cost structure / transaction based pricing
  • As a service business model that bundles "Tech & Operations" leaving your staff to focus on compliance, controls & business problems
  • Straight through processing with technology refresh involving near zero footprint of internal IT
  • Automation and advanced analytics
  • Strong alliance partners in Basware, Open Scan, SunGard and ReconArt

Mphasis brings to you these by stitching together best of breed platforms and technologies to transform the Procure to Pay, Order to Cash and Record to Report processes in your finance operations. As a service model, makes adopting & transforming easy.