Financial IT Transformation, Financial Application Transformation

Trusted Finance System Partner

The CFO role is evolving from financial reporting and cost optimization to value creation with focus on strategic business issues. This requires reassessment of current financial processes, modernization of the technology landscape and reshaping of financial operations.

Hexaware’s Finance & Accounting (F&A) transformation services are designed to deliver best-of-breed technology platforms and process standards. With an integrated solution spanning technology, service delivery, and operations, we bring our thoughtful leadership to transform your business. We will deliver significant savings through automation and standardization, which can fund digital transformation initiatives.

Finance & Accounting (F&A) Transformation Offerings

Hexaware provides end-to-end technology led financial transformation services which not only reduces cost but also enable organizations to be more agile and effective for delivering sustainable business value. We have deep domain expertise across the financial value chain of Procure-to-Pay, Order-to-Cash, Record–to-Report and Financial Planning & Analysis. We drive your F&A transformation agenda through:

  • Diagnostic workshops to assess F&A process maturity and technology fitment with a view to design transformation roadmaps
  • Digital finance solutions that enable a best-of-breed hybrid application landscape to deliver sustainable business value
  • Implementations and upgrades of On-premise and On-Cloud Solutions
  • Next Generation Managed Services through automation

Hexaware’s dedicated financial technology consulting and transformation professionals provide innovative solutions for delivering future financial excellence. We partner with leading technology players such as SAP, Oracle E-Business Suite (EBS), ,Oracle ERP Cloud (Fusion Applications) and more, for end-to-end financial transformation

Corporate finance units are transforming from score keepers to key business partners, and are looked up to for strategic direction. CFOs are increasingly leveraging digital technologies to enable decision making, streamline consolidation and disclosure, optimize productivity, and enhance business user experience.

Digital technologies are now moving past the gains accrued in transforming customer; employee and supplier engagement arenas into core areas of how the enterprise performance is measured and managed; and by crunching the cycle times of various internal processes.

Hexaware helps enterprises and their finance process value executives leverage Cloud and Mobile Technologies and solutions for ubiquitous access, harness the power of traditional and autonomic computing for extreme automation, and use the combined power of big-data analytics and in-memory computing for accelerated speed to insights.

Hexaware’s Digital Finance Services

Finance Transformation

  • Consulting & Advisory– Digital journey blueprint, process re-engineering, Tools and Package Evaluation – driven through a use case based approach
  • Core Services– Cloud migrations and implementations, pre-packaged analytics solutions leveraging in-memory computing, seamless integration of on-premise & cloud applications
  • Autonomics– Elimination of repetitive and manual intensive tasks through Robotic Process Automation (RPA)
  • Continuous digitalization and support – Managed services support for hybrid environment of on premise and cloud applications, ongoing identification and evaluation of emerging digital technologies and solutions

Innovation in the Digital Labs

  • Demonstration of 55% savings of the Procure to pay (P2P) cycle starting from PO processing to payment cycle. Developed mini-bots for specific P2P activities using an industry leading robotic process automation platform.
  • Inview – Mobile Solution for a 360 degree portfolio view, including continuous tracking of outstanding receivables; with in-built location based services to identify proximate customers for enabling collections
  • Wearable Solution for PO and invoice approvals.

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