Organizations around the world have been investing significantly in new technologies to automate their Finance & Accounting (F&A) processes and to adhere to new compliance requirements (SOX/GAAP/IFRS). While these changes have made the processes more streamlined, automated, standardized and portable, they have also resulted in significant financial investments and increased the Cost of Finance as a percentage of Revenue in the short to medium term.

Patni's Finance & Accounting services help companies across industries to improve process and SOX compliance, improve process transparency and achieve a metrics based environment while significantly reducing the cost structure of delivering finance functions. Patni has proven experience of setting-up an internal Accounting Shared Services Center helping clients consolidate operations globally. We leverage our Mailroom, Scanning and Imaging center at Cambridge, MA, USA, and offshore delivery centers to provide a scalable Workflow, OCR/ICR capabilities for F&A Transactional Services.

Our services enable CFOs and F&A process owners to increase their focus on business decision support by deploying technology and process solutions across the F&A spectrum.

Finance & Accounting Services Portfolio

Key Differentiators

• Integrated BPO and IT solutions to deliver F&A services.
• Onshore Mailroom, Scanning and Imaging center to take over end-to-end F&A function.
• Global delivery platform to optimize F&A cost structure.
• Accountants and functional experts including CAs (equivalent to CPAs), ICWA, MBA (Finance), seasoned actuarial analysts.
• Technological capabilities across platforms including Oracle, Peoplesoft, JD Edwards and SAP.
• Our solution and approach significantly improve the process control, transparency and SOX compliance.

Select Success Stories

Patni has helped a leading US Based Relocation Services Provider in setting up the process of T&E Vouchers Audit, Expense GL Accounting, Helpdesk Operations, Accounts Payable and Payments Disbursements. We enabled the client to digitize the highly paper-driven process, re-engineer and streamline operations with enhanced control, reduced cycle time and cost with improved accuracy. Patni also helped the client reduce turn-around time by 35% and bring about reduction in defects by 72%.

Patni has helped Europe’s Largest Mobile Phone Retailer with Bill Validation Processing, Invoice Validation & Audit of Telecom Bills. We helped the client in handling seasonal variations/ad hoc business exigencies, besides bringing in a reduction of Loss of Float (interest charges) on delayed revenue realization and 45% operational cost reduction at client’s contact centers in London, due to correct and timely Invoice delivery.

Patni established Shared Services for the AP and AR functions of a large European outsourcing Company.

Patni manages the Billing, Credit Control and Payments Processing for a leading European Telecom set-up.