An increasingly disruptive marketplace has led to a significant change in the CFO’s role. Organizations around the world are relying on their finance and accounting function to manage larger transactional volumes with leaner teams, optimize cash flows while lowering revenue leakages, reduce reconciliation time while increasing accuracy of reporting as well as deliver better business insights from existing data across different stakeholders. For CFOs to successfully manage the growing importance and complexity of their jobs, the solution is automation and digitalization.
NAlliancetech’ finance and accounting outsourcing services (FAO) streamline and automate your organisation’s CFO back-office operations, allowing CFOs to respond with greater agility to changes in the business environment. NAlliancetech finance and accounting outsourcing solutions make operations such as accounts payables and receivables management, account consolidation and reporting, tax processing, and contracts management more compliant and efficient. These automation solutions for F&A services allow you to generate a healthy cash flow, have better financial control through insights and forecasts, as well as adopt a highly systematic approach to maintain accurate documents for financial auditing.
ADVANTAGES OF FINANCE
AND ACCOUNTING SERVICES
$12 Billion
Worth invoices processed per year through successful implementation and delivery of company wide BPM automation and digitalization efforts at scale
12 Million
Invoices processed per year with 99.9% accuracy by using point solutions as well as end-to-end automation models spanning larger geographies
99.99%
Accuracy achieved in processing of invoices with point automation as well as end-to-end automation solutions towards building a quality compliant business ecosystem
1200 +
Digital finance service experts both in house and on consultant basis to deliver precision solutions in a timely manner
30-40%
Cost reduction for F&A customers thus ensuring a secondary source of revenue generation in parallel with that from the business as usual activity
FINANCE AND ACCOUNTING
OUTSOURCING OFFERINGS
Procure To Pay (P2P)
Reduce inventory carrying costs, proliferate JIT to reduce inventory, eliminate tail spend, and facilitate centralized procurement and supplier management with P2P automation
Manage contracts, purchase orders, invoice and receipt reconciliations in a highly efficient manner
Order To Cash (O2C)
Ensure high levels of accuracy in the synchronous order fulfillment to ensure customer satisfaction
Receive and process customer orders in an automated ecosystem to ensure better cash flow and financial performance with O2C automation
Record To Report (R2R)
Reduce transaction time, minimize processing costs, improve quality of operations
Generate and maintain accurate documents for financial auditing through a highly systematic approach
Financial Planning & Analysis (FP&A)
Get real-time and accurate insights for improved financial control
Create accurate forecasts about the company’s P&L to support the budgeting efforts
Identify merger and acquisition (M&A) targets
Keep a tab on key performance indicators (KPIs) and operating performance of the organization
US & Canada Tax Processing
Engage experts in US & Canada Tax laws and bye-laws as well as automation strategies to mitigate risks
Improve turnaround time and reduce error in tax filing and management of multiple group accounts across different tax rates and jurisdictions through automation
Frequently Asked Questions
Enterprise Portals offer role-based access to authorised employees to the different enterprise assets – content, data, and business applications. It is a safe and secure platform for knowledge management, knowledge transfer, and collaboration.
API Management involves developing and publishing application programming interfaces or APIs, controlling their access, tapping and analysing application usage statistics, and generating reports for performance management.
APIs are used to make application architecture more composable and integrable with other applications. API management is a best practice in the overall application lifecycle. It allows improving the abstraction levels of an application to offer improved integration and a strategic edge.
APIs and API management, in general, allow businesses to modernize their existing IT application landscape and offer seamless user experience, such as secure single sign-on and integrating commercial-off-the-shelf products in agile and resilient enterprise architecture.
Business requirements change from time to time and not all commercial off-the-shelf products from different OEMs offer a complete solution to business requirements. System Integrators address the business requirement to provide a complete solution. They are aware of the pros and cons of products available in the market and can tailor solutions while trying to eliminate technical debt. They help businesses to consider a wide variety of software options available and shortlist the best ones for an upgrade. However, it has to be noted that the existing investments and customizations should be easily reusable in the new environment. Maintaining continuity with a selective pick and choose between existing environment pros and the new options available in the market is a best practice. The customizations in the new environment should be over the top so that they can be easily carried forward to the next big upgrade.
For example: Migrating the SAP BO environment to MS Power BI looks like a mighty leap away from the closed SAP architecture. However, SAP BO’s current versions have limited capabilities for DIY reporting and Cloud leverage. Hence migrating to MS Power BI, which provides the limitless capability for self-service reporting sans dependency on huge IT developer teams, makes perfect business sense till SAP rolls out its agile yet rugged reporting feature that can be leveraged over the Cloud. Besides MS Power BI has the capability to reuse and accommodate the existing universes and customized semantic layers, dashboards, and reports from the As-Is environment to the To-Be environment over the Cloud.
24×7 L1, L2, L3 support is an ideal scenario in Application Management. However, the customer business has to judiciously select the preferred Application Management and Support model that suits their business requirement and budget. Businesses can opt for 8×5 and 16×5 models within the ambits of predefined SLAs and turnaround time.
Amit Mahajan
N Alliance Tech Commercial Director
Our mission is to help your business grow through remote development talent. Reach out with any questions you have and follow us on social media to see the life of N Alliatians.
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