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Wipro with NetSuite Brings Finance and Accounting BPaaS

Says CFOs can manage and control their F&A processes on a standardized platform, in a 100% variabilized cost model

Wipro has launched its ‘Finance and Accounting Business-Process-as-a-Service’ (F&A BPaaS) solution for enterprises.

Developed in partnership with NetSuite, provider of cloud-based financials/ERP and omnichannel commerce software suites, 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 announced the press release.

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

“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, SVP & 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.”

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