The CFOs Agenda:
Reimagining the Future of Finance
Since the pandemic, digital transformation has only accelerated, driven by new engagement models with clients, end users and employees. In the near term, this redefinition of the engagement models, supported by other drivers, has increased the clock speed of business. This trend is likely to continue over the medium term as its potential is still to be fully harnessed.
As businesses look towards finance to take more innovative bets, chief financial officers must be more agile and forward-thinking than ever. They are crucial allies in navigating growth opportunities that are data-driven, forward-thinking, risk-aware and collaborative. CFOs are now using insights into organizational culture, talent, digital technologies and governance in new ways.
With less emphasis on labor cost arbitrage, businesses want additional optimization from digital transformation with innovative solutions that leverage next-gen technology.
To explore ways to steer the company's future, finance leaders look at real-time and predictive analytics to generate growth and make better decisions.
Organizations are considering outsourcing value realization through modernizing the entire finance value chain and not just back-office operations.
Finance leaders now favor service providers with deep domain expertise that can deploy ready-to-use industry solutions without extensive tailoring.
Finance leaders frequently look for expertise in automation, AI, machine learning, blockchain and advanced analytics because of a growing emphasis on strategic initiatives rather than transactional finance.
Finance leaders are now demanding innovative commercial terms from partners with stakes in the outcome and models that are occasionally tied to end-user experience.
From consulting to implementation, we provide our clients with agile and adaptable FAO solutions to address the changing paradigm, rising expectations and strict deadlines. Our services cover core and strategic finance functions, enabling finance leaders to influence strategic decisions and transformation initiatives.
We provide end-to-end solutions offering a full view of the O2C process, enabling operational efficiency, working capital optimization and increased free cash flows and financial performance. Through our O2C offering, we have been able to deliver substantial revenue uplift, improved working capital, optimized DSO, greater than 90% auto cash postings and over 45% improvement in overall efficiencies.Connect with our F&A experts
Our P2P services assist businesses in efficiently optimizing working capital by providing better pay terms, early payment discounts and streamlining processes, all while ensuring intelligent compliance management. We have been able to drive over 90% throughput and touchless transactions in accounts payables, considerable reduction in spend, significant improvement in inventory turnover and enabled self-service for vendors through e-invoicing adoption and mobility.Connect with our F&A experts
With our R2R services, we help ensure strong internal controls and compliance by establishing robust governance around the month-end close process, posting journals accurately and on time, ensuring timely closure of books of accounts and providing accurate and timely information on financial data on a regular basis.Connect with our F&A experts
Our FP&A services help businesses manage risks, reduce manual complex work, identify variances, make informative decisions and take corrective measures through performance visibility and intelligent insights driven by rationalizing and automating reports, accurate forecasting and budgeting activities and intelligent analytics.Connect with our F&A experts
To drive continuous improvement and digital transformation across processes, tasks or verticals, we supercharge businesses with an end-to-end ecosystem of tools and platforms, process assessment and delivery frameworks and best-in-class capabilities cultivated through leading strategic partnerships.Connect with our F&A experts
Recognized as Leader In ISG Provider Lens™ Finance and Accounting Outsourcing Services - Order-to-Cash (O2C) – Global 2022 | HCLTechLearn more
Recognized as Leader In ISG Provider Lens™ Finance and Accounting Outsourcing Services - Procure to Pay (P2P) – Global 2022 | HCLTechLearn more
Recognized as Leader In ISG Provider Lens™ Finance and Accounting Outsourcing Services -Record-to-Report (R2R) – Global 2022 | HCLTechLearn more
Recognized as Leader In ISG Provider Lens™ Finance and Accounting Outsourcing Services - Financial Planning and Analysis (FP&A) – Global 2022 | HCLTechLearn more
HCLTech Positioned as A Leader In Avasant Intelligent Document Processing Platforms 2022-23 RadarView | HCLTechLearn more
Our Products and Solutions
We leverage a vast range of our proprietary solutions and accelerators to assist the CFO office in enhancing experiences for internal and external stakeholders and delivering value across the finance transformation value chain.
O2C 360+ suite of tools
HCLTech's O2C 360+ is an end-to-end platform with a unified interface, modular architecture and tools to create a technology-augmented human workforce with solutions for evolving business needs. Client benefits include zero-touch credit management, reduction in revenue leakage and DSO cycles through AI-enabled collections management and revenue uplift through predictive order management and cross-sell recommendations.
digitalCOLLEAGUE is HCLTech's domain-intensive, role-based, single-UI platform that enables businesses to utilize a truly digital workforce. It augments the human workforce with preconfigured and ready-to-use automation to deliver results immediately with minimum configuration and effort.
Toscana, our workflow platform
To assist finance leaders in driving enterprise-wide digital transformation, Toscana, our Business Process Management (BPM) suite, manages the full spectrum of business processes by utilizing cutting-edge tools for content integration, process orchestration, dynamic case management, predictive and on-demand analytics, enterprise mobility and collaboration.
Robotic Process Automation (RPA)
By leveraging RPA, finance leaders can supercharge their strategic business process transformation and build foundations of future scale and success. Our automation Center of Excellence (CoE) enables clients to think like an agile startup but deliver like a lean enterprise while ensuring improved service delivery speed, quality, continuity, security and cost savings.
HCLTech's iMPACT Operations Command Center (OCC) is an AI-driven solution that can provide actionable real-time intelligence and predictive insights across business processes. The solution works in real-time, processing data and converting them into actionable insights and creating a single source of truth, direction and strategy.
EXACTO™, our ICR/OCR engine
HCLTech's EXACTO™ is an intelligent character recognition product that uses deep neural networking and natural language processing to automate data extraction for contract management, digitization and invoice processing. EXACTO™ has a domain ontology that improves with every new transaction and unsupervised learning, resulting in a better processing speed and providing close to 100% accuracy.
We assist our clients in optimizing growth strategies and delivering personalized experiences with our advanced enterprise analytics practice that provides key insights around customer and vendor behavior and purchasing and selling patterns.