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Finance and Accounting Outsourcing

Cost reduction pressures, increasing regulatory compliance and demands for a closer alignment to the business are driving organizations towards new finance and accounting operating models. Chief Financial Officers (CFO) of leading organizations are leveraging finance and accounting services outsourcing as a strategy to change their operating models. WNS offers industry recognized financial services outsourcing solutions that support end-to-end functions in a CFO's office.

WNS ‘extends your enterprise’ by leveraging its deep finance and accounting functional expertise, industry intimacy, focus on operational excellence and global delivery model. CFOs outsource finance and accounting services to WNS that allow their internal teams to focus on core business issues, as the WNS team delivers a solution that standardizes financial service processes, transforms finance operations and lowers costs.

WNS's finance and accounting outsourcing service offerings include:
  • Gartner Finance and Accounting
  • Gartner Finance and Accounting

Source to Pay

 ■  Supply Chain Finance
  • Product Costing
  • Inventory Accounting
  • Manufacturing Accounting
 ■  Accounts Payable
  • Expense Reports
  • Payment Processing

Order to Cash

 ■  Accounts Receivable
 ■  Billing and Cash Application
 ■  Order Management
 ■  Credit Control
 ■  Collections
  • Invoice Adjustment
  • Dispute Resolution
  • Claims Management

Record to Report

 ■  General Accounting
 ■  Fixed Assets Accounting
 ■  Tax and Regulatory Reporting
 ■  Cost Accounting
 ■  Inter-company Accounting
 ■  Reporting and Consolidation

Corporate Functions

 ■  Treasury
 ■  Cash Management and Cash Flow Forecasting
 ■  Financial Planning and Analysis
  • Capital Budgeting
  • Revenue and Expense Budgeting
  • Quarterly / Annual Forecast
  • Ratio Analysis
  • Variance Analysis
  • Competitor Analysis
  • Market Analysis
 ■  Financial Modeling
  • Management Accounting

Risk and Compliance

 ■  With the rise of globalization and economic uncertainties, organizations face risks from both external and internal quarters. Risk and compliance measures are vital for an organization’s survival and growth. In addition, regulators, rating agencies and stock exchanges are driving best practices for risk management at an enterprise level with special emphasis on good corporate governance.

The WNS Risk Management Service (RMS) helps your organization manage diverse risks by embedding robust frameworks within your business processes, thereby protecting your business while, at the same time, ensuring enhanced performance and sharpening your competitive edge.
WNS’s Business Risk Management Services include:
  • Sarbanes-Oxley (SOX) Assistance

  • WNS has a proven 360 degree approach for assistance in SOX Compliance
      - Scoping and Planning
      - Testing of Entity Level Controls
      - Design Effective Documentation – Internal Controls over Financial Reporting (ICOFR)
      - Testing Design Effectiveness
      - Testing Operating Effectiveness
      - Remediation and Ongoing Monitoring

  • Internal Controls Evaluation

  • The WNS approach for internal control evaluation
      - Identify and understand key business processes
      - Assess risks and mitigate controls
      - Develop control self assessment questionnaire to evaluate controls

  • Enterprise Risk Management

  • Based on the COSO enterprise risk management framework and its associated risk maturity models, the WNS risk management approach enables the client organization to efficiently manage and optimize risk and control monitoring.

Select Industry-Specific Accounting

 ■  Financial Services
  • Credit Analysis
  • Loan Accounting
 ■  Insurance
  • Actuarial Accounting
  • Fiduciary Accounting
  • Premium Accounting
 ■  Media and Entertainment
  • Sales Accounting
  • Royalty Accounting
 ■  Retail, CPG and Manufacturing
  • Sales Returns Accounting
  • Restaurant Sales Processing
  • Franchisee Accounting
  • Inventory Accounting
 ■  Shipping and Logistics
  • Cargo Revenue Accounting
  • Cargo Revenue Management
  • Freight Accounting
  • Manifestation
 ■  Telecom
  • Order Validation - Industrial/Commercial
 ■  Travel & Leisure
  • Passenger Revenue Accounting
  • Revenue Recovery
  • Fraud Prevention and Control
 ■  Utilities
  • Meter Billing
  • Prepayments
  • Energy Contract Validation

Finance and Accounting Case Studies

Education
Education: Finance and Accounting Newcastle University achieves procurement savings in excess of £1.2 million in one year
Logistics
Logistics: Airway bill manifesting Finance and accounting - Billing, Invoice adjustment, Cash application, Accounts payable End-to-end consolidation of the order-to-cash cycle for a global air delivery and freight services provider
Electronics, Media and Entertainment
Electronics, Media and Entertainment: Treasury operations Improving regulatory compliance reducing operational costs for the treasury operations of one of the world's largest electronics, media and entertainment conglomerates


Finance and Accounting Resources

Podcasts
The Paradigm Shift in Finance and Accounting Outsourcing Capabilities
The Paradigm Shift in Finance and Accounting Outsourcing Capabilities Tasneem Lakdawalla - Head, Finance and Accounting WNS Global Services
Videos
The WNS Annual CFO Survey Report 2010
The WNS Annual CFO Survey Report 2010 Manish Vora, Senior Vice President,  WNS Finance &   Accounting Services
Webinars
The Shift to Industry-Specific Finance and Accounting Outsourcing (FAO)
The Shift to Industry-Specific Finance and Accounting Outsourcing (FAO) Louis "Dusty" Profumo, CFO, Church's Chicken Saurabh Gupta, Vice President, Everest Group Krishnan Raghunathan, Chief Capability Officer, WNS Global Services





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