Record-to-Report

Global enterprises that have multiple accounting systems often face challenges in consolidating data for reporting and analysis. Moreover, they need to ensure that the close period is synchronized across geographical boundaries and that they are also compliant with local reporting standards and XBRL requirements.

WNS has deep experience in managing industry-specific accounting for reporting and reconciliations. We also leverage a range of technology tools to provide automation for Record- to-Report (R2R) activities such as month-end management, reporting, journal entry workflows and reconciliation.

A leading US retail chain standardizes P&L reporting, achieves 50% reduction in costs

Case:

WNS standardizes the client’s R2R services for over 260 stores in 34 markets to offer a unified view of busine..

Related To: Consumer or Retail and Commercial Banking

An FTSE 100 multiline insurer reduces unreconciled balances from USD 3.9 Billion to USD 0.6 Billion

Case:

The multiline insurance company leveraged WNS’ R2R services to reduce unreconciled balances and cycle time by ..

Related To: Finance and accounting General Insurance

A leading automobile association saves USD 132,000; reduces monthly close time by 60%

Case:

WNS’ R2R services enabled the client to achieve significant savings and reduce monthly close time from 15 to 6..

Related To: Finance and accounting Corporate finance and accounting

The WNS Advantage

Business process re-engineering

Our Process Maturity Model (PMM) is customized for different industries, and according to the size and scale of the client. We use a combination of R2R benchmarks (Hackett, AQPC) to bring a comprehensive coverage of all sub-processes leading to month-end close and FP&A reporting.

Controllership

We have a deep understanding of month-end close processes. This coupled with a strong SLA framework and cross-functional metrics with sub ledgers ensure smooth synchronization of close processes.

Risk and compliance

We have invested in risk services, including governance, risk and compliance (GRC), Sarbanes Oxley (SOX), forensics, fraud analytics, digital screening, which adds significant value to our end-to-end F&A offerings. These areas are niche and drive risk and controllership in a big way as companies expand into different geographies organically and inorganically.

Flexible commercial models

More than 30 percent of our revenue comes from non-FTE based commercial models. We have invested in a playbook to deal with outcome-based pricing models. We have the ability and flexibility to design best-suited commercial models with clear linkage to risk-reward and transparency.

" WNS has been a trusted partner for us beyond mere transactional BPO services. Over the years, WNS has helped us streamline processes and drive best practices across our F&A function. "

Louis Profumo

CFO, Church's Chicken