WNS - Accounting Outsourcing | Financial Accounting Outsourcing | Outsource Accounting Services
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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:
  • WNS is a Leader in Gartner’s 2015 Magic Quadrant for F&A BPO service
  • Gartner Finance and Accounting
  • Gartner Finance and Accounting
  • Gartner Finance and Accounting
  • A structured and scalable reporting Center of Excellence (CoE)
    can deliver financial transparency and powerful insights
  • WNS Named a ‘Leader’ in NelsonHall’s NEAT Evaluation for Mortgage & Loan (M&L) BPO (Overall)

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

Travel and Leisure
Travel and Leisure: Passenger Revenue Accounting A Leading Middle East Carrier Transitions to an Enhanced Passenger Revenue Accounting (PRA) System
Manufacturing: Finance and Accounting WNS Enables a Global Electronics Firm to Transform and Streamline its F&A Processes
Education: Finance and Accounting Newcastle University achieves procurement savings in excess of £1.2 million in one year
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

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
Decoding the Science of Decision-making for CFOs
Decoding the Science of Decision-making for CFOs Manish Vora, Senior Vice President, WNS Global Services
Outperform with Finance Shared Services
Outperform with Finance Shared Services Manish Vora, Senior Vice President  WNS Global Services
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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