Finance and Accounting
In the Flat World, the CFO has to actively support the business in addition to managing the finances. The CFO is often pulled in opposite directions by business imperatives such as:
- Support the enterprise growth (organic and inorganic)
- Identify key investment areas
- Provide analytics-based decision support to manage performance
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- Speed of reporting
- Accuracy and integrity of data
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- Legal and statutory requirements across multiple countries
- Sarbanes-Oxley certification
- IFRS and US GAAP convergence
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Most importantly, the CFO is required to address these imperatives while reducing the cost of finance and increasing the working capital efficiency of investments.
Infosys' award-winning FAO practice
delivers end-to-end Finance and Accounting services and offers outsourcing as a strategic tool that enables CFOs to meet their objectives. Our client portfolio in F&A currently includes global clients across Banking, Manufacturing, Telecom, Publishing, Media & Entertainment, Services and Distribution.
Catering to Change: Infosys' FAO 360° service-oriented technology suite
FAO 360° is a state-of-the-art proprietary service-oriented technology suite that weaves our process accelerator tools such as Infosys Modular Accounts Payable Solution (IMAP), Infosys General Ledger Solution (IGLS) and Operations Excellence Management Systems (OEMS) tool. These process accelerator tools eliminate manual work and enhance controls in their respective processes. FAO 360° and enabling partner technologies have enabled us to deliver robust services to our clients.
As of March 2009, our 5,000+ Finance and Accounting professionals have partnered with 40 clients to transform the finance processes by combining expertise in Consulting, Technology and Outsourcing.
Infosys BPO offers solutions in:
Client Engagements - A Snapshot
| Dutch Electronics Major |
Account Receivables, Journals, GL Accounting, FA Accounting and VAT Reporting |
- Cost reduction and consolidation
- Real-time tracking progress during closure
- Automation of more than 50% reports
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| US Commodity Manufacturer |
GL Accounting, FA Accounting, Reconciliations, MIS Reporting, Competitor Analysis, BOD Support and Ad-hoc Reporting |
- Reduction in un-reconciled accounts by 50%
- Reduction in the number of aged items
- Report automation for more than 40%
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| UK Private Equity Major |
Finance Controls, Finance Analysis, Portfolio Accounting, Fund Accounting and Financial Valuation |
- Reduction in the number of aged items
- Report automation for more than 30%
- Accuracy of Reporting
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| US Communication Service Provider |
GL Accounting, Financial Reporting, Cost, Revenue and CAPEX Analysis and MIS reporting |
- Enhanced ability to integrate acquisitions
- Reduction in Turnaround time by 25%
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Brochure
Infosys BPO Finance and Accounting Outsourcing Practice 