Digital transformation in finance: Challenges and benefits

Enterprise Reporting Tool & Financial Business Intelligence

Making the right decisions is critical for staying competitive in a rapidly changing market, and utilizing relevant data can help make better decisions. Most organizations have to combine multiple data sources, inconsistent reporting, lengthy planning cycles that are not aligned to business operations planning, and a focus on historical information rather than future trends or scenarios. Infosys BPM’s financial reporting services, including ERAP and Tax Support services deliver operational efficiencies and build business partnering capabilities by automating routine tasks, reducing reporting and planning efforts, and giving organizations timely, qualitative business insights.

Why choose us for enterprise reporting and business intelligence?

Our deep expertise in enterprise financial accounting and reporting, analysis, financial reporting automation, and planning enables us to strategize, design, transform, and manage operations to deliver substantial business outcomes using analytics. A few key highlights are as follows:

Over 800 reporting entities served across industries such as investment banking, telecom, and manufacturing, utilizing analytics to improve business performance
Over 84000 revenue and over 12500 cost center reports processed per annum
Over 400 budgeting and over 2000 adhoc reports processed through our enterprise reporting software
Servicing over 24 clients with over 1000 professionals worldwide who possess deep-rooted expertise in end-to-end financial reporting and analysis (FP&A) process

How we deliver value?

To enhance business outcomes across the lifecycle, we partner with our clients to consolidate and harmonize their processes. We simplify the existing processes using financial reporting automation and data visualization, enhancing productivity and reporting. What differentiates us in the financial reporting analysis and planning services space is the wide range of enterprise reporting services that we provide to our clients, including:

Decision support, planning, financial reporting
Budgeting and forecasting
Business partnering
Financial analysis – sales, products, markets, revenues, profit, margin, and cost – is supported by comprehensive data sets and dashboards
Competitor analysis, trend analysis, and variance analysis
Cost accounting and cost reductions

Commercials and price modeling
Portfolio and fund accounting
Report rationalization, consolidation and automations using KPIs to track progress
Process documentation and scalability supported by business intelligence tools
GL and FA accounting
Month-end process

Client invoicing and debt management
Audit support
Testing and compliance for the Sarbanes–Oxley Act (SOX)
Regulatory reporting support
ABC analysis
Adhoc

Digital components for ERAP

Infosys next-gen ERAP and financial reporting solutions help customers shift their reporting and tax functions to a more efficient enterprise reporting system, leveraging data analysis and dashboards. We have been focused on removing the transactional effort and then empowering the ERAP functions with actionable insights to make decisions. Some of our solutions include:

“Reporting Factory” for standardized extraction, transformation, and presentation of reports from most leading ERPs
Our partner powered next-generation NLG platform for auto-textual management reporting commentaries
Next-gen conversational finance for the CFO includes creating reports and metrics for better insights
Alliances with industry-leading geo-specific direct and indirect tax platforms enhance our enterprise reporting capabilities

What does it mean for you in terms of benefits of enterprise reporting and enhanced decision-making?