Wipro develops F&A BPaaS solution with NetSuite

BANGALORE, INDIA: Wipro Ltd. has announced the launch of its ‘Finance and Accounting Business-Process-as-a-Service' (F&A BPaaS) solution for enterprises.

Developed in partnership with NetSuite, the cloud-based financials / ERP and omnichannel commerce software suites provider, Wipro's F&A BPaaS is a comprehensive, end-to-end business process solution that can help improve business agility, user experience and process efficiency.

Wipro's F&A BPaaS is built on the industry leading NetSuite platform, along with best-in-class Wipro process capabilities in finance and accounting. The solution empowers customers to selectively manage and control their finance and accounting processes on a standardized platform, in a 100 percent variabilized cost model.

It also enables rapid implementation of business processes, improves compliance standards, and provides operational readiness, leading to significant cost savings.

The F&A BPaaS solution enables enterprises to manage their global F&A operations, with extensive management reporting and analytics capabilities, that would allow them to measure their current process performance and set a goal for improvement. The solution also measures and improves a set of pre-defined business outcomes.

"As enterprises renew their focus on agile finance and accounting processes, there is an intensifying need in the market for a platform that can provide end-to-end F&A solutions in an ‘as-a-service' model. As a result, enterprises are increasingly moving to innovative cloud-based models. Leveraging Wipro's comprehensive cloud services proficiency and business process expertise, the F&A BPaaS solution helps organizations in process harmonization, optimal organization design and change management, offering transformational benefits to our customers," said Jeff Heenan-Jalil, senior VP and global head, Advanced Technologies & Solutions, Wipro Ltd.

Jim McGeever, COO, NetSuite, said, "NetSuite's unified cloud-based business management solution, along with Wipro's strong NetSuite capabilities, operations and process management tools, provide the backbone for the F&A BPaaS Solution. Wipro's heavy investment in NetSuite, coupled with its domain expertise and process capabilities in accounting and financial management make it the ideal implementation partner for F&A BPaaS."