COVID-19 is a pandemic that has affected business critical functions across enterprises in the world. From impacting the way we work and the way we provide service to our customers, it has forced us to rethink every business strategy. In these difficult times, enterprises have realized that it is critical to have a future proof business resilience strategy that can enable them to manage disruptive situations.
Watch this webinar recording to hear how Philips used Automation to build a business resilience strategy and ensure continuity for critical business operations amidst COVID-19.
Key Highlights
ASPIRATIONAL TARGET
Philips Hoshin Strategy
1 Million Hours Savings in Finance Operations over 3 years
ROADBLOCKS
Complex Processes and Massive Scale
Error Prone Manual Tasks and Process Inefficiency
Multiple Handoffs and Ad-hoc intervention
COVID-19 Outbreak
SOLUTION APPROACH
Long Term Investment and partnership – EdgeVerve (AssistEdge) + Infosys BPM
Centralize location strategy with Infosys BPM
Achieve end-to-end Automation across Finance domain
Establish a strong governance with change and improvement program
ACHIEVEMENTS
~€18M: Business Benefits over 5 years
550+: AssistEdge RPA Bots
640k+: Man-Hours Re-purposed
320+: FTEs Saved
73%: Processes Standardized
400+: Business Entities Impacted
~100%: Coverage for Activities
On-Time Quarter End Book Close
“This is one of the most complex finance transformation programs in the world. Collaborative efforts led by Philips Finance leadership, supported by Infosys BPM process and technology knowledge leveraging AssistEdge Platform delivered significant business benefits”
