Infosys F&A BPM services for ECUS covers the entire spectrum of F&A, covering industry-specific activities. Currently, we have partnered with 33 clients in this space to build and develop robust, standardized and digitized processes in conjunction with today's technology need for smarter processes.
Infosys has made the necessary investment in people i.e. by enhancing F&A and industry knowledge of resource through training and certification and technology i.e., Infosys Nia, IoT, analytics, platforms, and developing in-house tools to drive client requirements. Some specialized F&A processes that we handle include:
Royalty accounting: At Infosys, we perform and support our clients in managing end-to-end royalty accounting process (performance royalty, books / journal royalty, patent royalty, franchise royalty, etc.) right from contract creation, author / payee creation, complex royalty calculations, IO validation, royalty advances, sub rights management, releasing royalty statements, reconciliation, and financial reporting. We have also automated Non-Value Added (NVA) steps by process re-engineering and automation.
Revenue assurance: Revenue and margin assurance requires a holistic and collated view of the data across the enterprise, financials, ERP, CRM, and the network. Infosys has vast experience in assessing revenue leakage issues and addressing them through process and systems across the lifecycle of service order entry to collections. Infosys also utilizes a variety of solutions to transform and automate the revenue assurance process using robotics, machine learning, platforms, analytics, and artificial intelligence to reduce human intervention, enhance customer satisfaction, and generate cost savings.
Investment and lease accounting: Infosys support its client majorly in capital and operating lease by assessing and booking the deferred rent, calculating interest calculation, and depreciation based on the asset’s economic life and depreciation method, i.e., straight line or diminishing balance method considering the IFRS standard 16 guidelines.
Project accounting: Project accounting tracks all of the financial components of a project such as budgets, estimates, costs, bookings, billing, and everything in between. The capital and expense projects are created based on the cost and time and material billing methods. Infosys support its customers right from contract creation, project setup, assess budgeted with actuals, partial or complete asset capitalization, and CWIP reconciliations.