Wipro launches finance and accounting business

Developed in partnership with NetSuite, the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, Wipro’s F&A BPaaS is a comprehensive, end-to-end business process solution that can help improve business agility, user experience and process efficiency.

 

Wipro’s F&A BPaaS is built on the industry leading NetSuite platform, along with Wipro process capabilities in finance and accounting. 

 

The solution empowers customers to selectively manage and control their finance and accounting processes on a standardized platform, in a 100% variabilized cost model. It also enables rapid implementation of business processes, improves compliance standards, and provides operational readiness, leading to significant cost savings.

 

The F&A BPaaS solution enables enterprises to manage their global F&A operations, with extensive management reporting and analytics capabilities, that would allow them to measure their current process performance and set a goal for improvement. The solution also measures and improves a set of pre-defined business outcomes.

 

“As enterprises renew their focus on agile finance and accounting processes, there is an intensifying need in the market for a platform that can provide end-to-end F&A solutions in an ‘as-a-service’ model. As a result, enterprises are increasingly moving to innovative cloud-based models. Leveraging Wipro’s comprehensive cloud services proficiency and business process expertise, the F&A BPaaS solution helps organizations in process harmonization, optimal organization design and change management, offering transformational benefits to our customers,” said Jeff Heenan-Jalil, Senior Vice President & Global Head, Advanced Technologies & Solutions, Wipro Ltd.

 

Jim McGeever, COO, NetSuite, said, “NetSuite’s unified cloud-based business management solution, along with Wipro’s strong NetSuite capabilities, operations and process management tools, provide the backbone for the F&A BPaaS Solution. Wipro's heavy investment in NetSuite, coupled with its domain expertise and process capabilities in accounting and financial management make it the ideal implementation partner for F&A BPaaS.”

 

In May 2013, Wipro was awarded NetSuite’s ‘BPO Partner of the Year’ for the successful F&A BPaaS implementation for Global Payments, a leading payments processing company.

 

Rubens Silva, CFO, Global Payments Brazil said, “Wipro executed a Business Process as a Service (BPaaS) solution for enabling the Finance, Accounting and Payroll business processes end-to-end, for our Brazilian operations. The solution platform was deployed in 5 months, to provide operational efficiencies and full regulatory compliance, in an innovative zero-capex business model.”