Skip to content
Home » A Game-Changing Shift to Digital Finance is Created by an Industry-First Offering

A Game-Changing Shift to Digital Finance is Created by an Industry-First Offering

  • by
A Game-Changing Shift to Digital Finance, The finance function is moving toward re-defined stewardship, which requires ownership.

A Game-Changing Shift to Digital Finance, The finance function is moving toward re-defined stewardship, which requires ownership of transactional operations, business growth, and customer experience. 온라인카지노

A digital-driven approach that unifies front, middle, and back-office processes through intelligent automation

Artificial Intelligence (AI), and predictive analytics is now required in Finance and Accounting (F&A) operations.

The task for a leading manufacturer was

Its finance and accounting operations, which were spread across multiple geographies, were siloed, fragmented, and manual.

This decentralized model resulted in high operating costs as well as poor compliance and controls.

It was also impeding the manufacturer’s efforts to modernize its finance function in order to architect company-wide transformation.

As a solution, here’s what we co-created

WNS created a future-ready digital blueprint by leveraging the synergies of a connected Quote-to-Sustain (QtS) solution to enable the manufacturing company’s vision.

WNS’ QtS, an industry-first offering, is powered by data and intelligent automation.

This ‘business-and-technology stack-as-a-service’ is driven by WNS’ domain expertise in F&A across industries

Combined with its digital, analytics, and process expertise to deliver sustainable growth.

WNS’ QtS broke down silos, resulting in:

Providing real-time control and visibility with deep insights through the integration of unified master data, digital contracts, cognitive credit, and digital orders

Having access to powerful analytics-driven reports — predictive disputes and deductions, intelligent collections

And seamless cash applications — that powered scalable, sustainable, and future-ready strategies

The outcomes of the collaborative process are

The manufacturing company was successful in moving the needle in the direction of digital finance.

QtS enabled an agile and scalable finance function to support the manufacturing company’s growth

Improve compliance and margins, and reduce risks by leveraging automation, AI, and analytics.

So far, the transformation has produced ground-breaking results such as:

USD 38 million in additional free cash flow as a result of optimizing payments from late-paying customers;

11% reduction in bad debt as a result of improving late-stage collection through the revenue assurance process, resulting in additional cash flow. 카지노사이트

Greater awareness of compliance opportunities as a result of a risk management and master data strategy that is adaptive, stratified, and unified.

Improved time-to-resolution, fewer disputes and deductions, and proactive credit exposure to reduce order and credit holds, resulting in a better customer experience

Unified governance to improve accountability and streamline the review process

Stakeholders were empowered as a result of improved and consistent processes and technological experience.

Provisions, reserves, and forecasts were reported on time and accurately; digital dashboards provided greater visibility and control.

Proactive response to disruptions and changes brought about by centralized reporting and monitoring platforms

Resilience in the Face of a Global Storm

While our 10-year partnership with the manufacturing company has been an exciting journey

The disruption caused by the pandemic proved to be the most important test for this relationship.

WNS quickly invoked its comprehensive and long-term business continuity strategy when lock-downs and restrictions were imposed.

Within a short period of time, all of the manufacturer’s operations were up and running, while ensuring the safety and health of our employees.

The manufacturing company was kept up to date on the evolving situation in various regions through regular communication.

A Virtual Desktop Infrastructure (VDI) ensured that tasks were strategically prioritized and enabled seamless remote working.

There was no effect on governance or control mechanisms. The agility we demonstrated during the crisis enabled the manufacturing company to close books on time. 카지노 블로그

Leave a Reply