Digital transformation in finance: Challenges and benefits

Enterprise reporting, analysis and planning Services

Making the right decisions is critical for staying competitive in a rapidly changing market. 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 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 us?

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

Over 800 reporting entities served across industries such as investment banking, telecom, and manufacturing
Over 84000 revenue and over 12500 cost center reports processed per annum
Over 400 budgeting and over 2000 adhoc reports processed
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 automation, 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
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
Process documentation and scalability
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 customer’s shift their reporting and tax functions. We have been focused on removing the transactional effort and then empowering the ERAP functions with actionable insights. 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
Alliances with industry-leading geo-specific direct and indirect tax platforms

What does it mean for you?