With evolving buyers’ needs, finance and accounting outsourcing (FAO) services are maturing. As the expectations of buyers are rapidly increasing, the nature of engagements is evolving from a transactional type to a strategic function. Enterprises are moving away from the piecemeal approach and are embracing a holistic view towards outsourcing. Gaining visibility into a finance organization and making data-driven decisions are top priorities of enterprise CFOs.
The F&A domain has extensively adopted the use of various technologies such as bots, automation platforms and solutions to automate finance functions. Artificial intelligence (AI) and machine learning (ML) have made inroads into finance functions and transformed traditional operating processes. Analytics is a significant value addition and brings in highly valuable insights that benefit CFOs.
As per the report, HCL offers transformation-led F&A services that are sketched to generate real-time actionable insights to support strategic business decisions. It leverages automation and AI to transform and simplify operations through DRYiCE™. This framework enables enterprises to make their operations leaner, faster and cost efficient while creating improved business outcomes. To help clients achieve their transformational objectives, HCL also leverages next-generation technologies including data visualization, ML, IoT and embedded analytics. The company is accelerating its transformation services through the Mode 1-2-3 strategy that helps clients to reimagine and future proof their business for the digital age. This strategy is supported by a pool of certified Six Sigma Black Belts, quality analysts, techno-functional experts, ERP consultants and analytics analysts to ensure consistent delivery of transformation services to clients.