Welcome to a latest edition of Transpire. In this edition, we discuss how digitization is helping CFO’s reimagine their core functions, enabling them to make better decisions and develop stronger strategies.
Today, robotic process automation (RPA) and predictive analytics are the main driving forces powering an intelligent and touchless F&A ecosystem. Key attributes of this new finance function include speed, agility, and foresight. Finance professionals are the new change agents responsible for pushing value-driven initiatives and enabling sustainable growth. Breaking away from generalist roles, they have to offer insights on performance management, decision support, and business intelligence.
CFO priorities have evolved greatly and now include:
Our ValueBPS™ approach helps enterprises achieve significant and sustained business outcomes by leveraging our deep domain expertise and operations redesign methodologies such as FORE™. Our approach also encompasses robotic process automation (RPA), analytics and insights, our unique IT-BPS synergy, Business Process as a Service (BPaaS) models, and business process management (BPM).
These levers are integral in enabling ‘Touchless & Intelligent’ F&A functions. Automating processes, leveraging systemic controls, and embedding analytics will lead to ‘Touchless process-to-pay (P2P).’ Automation and analytics can help organizations deliver high quality products to the right customer, as required, with appropriate documentation. This enables seamless O2C value chain for delivering the 'perfect order'. Harnessing analytics to provide insights can also help identify and isolate issues early, enabling ‘predictive close’.
‘Touchless P2P’, ‘perfect order,’ and ‘predictive close’ can effectively eliminate rework and exceptions, while boosting business impact by reducing the odd spend and wastage, and eliminating leakages. In this issue you can: