Banking on optimization
Infosys BPM’s client, a US-based banking giant, had multiple challenges in their current finance function, which involved multiple ledgers, various non-standardized processes, lack of systems integration, and a large level of manual intervention. This led to non-compliance with regulations and internal requirements, multiple errors, and a lack of control over financial processes and data. Infosys BPM helped the client exceed industry benchmarks for effectiveness of the finance function. Delivering business insights, transactional efficiency, and compliance and control, the transformative partnership delivered benefits of $70 Mn.