Global IT consulting and outsourcing provider Wipro Ltd has launched its Finance and Accounting Business-Process-as-a-Service (F&A BPaaS) solution to help enterprises improve business agility, user experience and process efficiency.
Developed together with NetSuite - a provider of cloud-based financials/ERP and omnichannel commerce software suites - the F&A BPaaS end-to-end solution allows CFOs to selectively manage and control their finance and accounting processes on a standardised platform in a variable cost model. The solution also enables business processes to be quickly implemented, improves compliance standards, and provides operational readiness, according to Wipro's media statement.
Furthermore, the solution enables CFOs to manage their global finance and accounting operations. This can be achieved by using the solution's management reporting and analytics capabilities to measure the company's current process performance and set a goal for improvement. According to Wipro, the solution also measures and improves a set of pre-defined business outcomes.
"Leveraging Wipro's comprehensive cloud services proficiency and business process expertise, the F&A BPaaS solution helps organisations in process harmonisation, optimal organisation design and change management, offering transformational benefits to our customers," said Jeff Heenan-Jalil, senior vice president and global head of advanced technologies and solutions at Wipro Ltd.
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