Finance and Accounting Services: Executive Overview
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- Executive Overview
- Business Case
- Technical Summary
Pressure to reduce finance's operational costs. Lack of operational visibility. Uncompetitive productivity and performance levels. Compliance issues. Excessive management focus on low value-add transactional activities instead of strategic issues.
Outsourcing your finance and accounting (F&A) business processes can help you better deal with these challenges and gain the ability to devote your management time and resources to core competencies and strategies that lead to growth.
EDS, an HP company, believes outsourcing is a partnership. We will collaborate with you on the specific activities, systems and timeframe for outsourcing that meets your requirements. You retain control over your finance organization, and we become an extension of your group. Taking advantage of EDS' technology innovation, operational excellence and economies of scale can potentially save over 30 percent on your finance and accounting costs. As a global F&A provider with market leading delivery capabilities through the EDS Best Shore® centers, we can provide flexible, scalable solutions to address your specific needs anywhere in the world. Our expertise in process design reduces opportunities for errors, increases operational visibility and provides the scalability needed for business growth. By outsourcing your finance functions to EDS, you'll have more time to spend on strategic decision making and planning.
EDS Finance & Accounting Services provides a wide array of services, including end-to-end processes for the following:
- Source-to-Settle
- Order-to-Cash
- Record-to-Report
- Business Intelligence & Analytics
- Payroll
EDS has more than 30 years of experience providing financial processing BPO services to clients. We provide F&A service to clients within each of the eight industries EDS serves. With our extensive capabilities and global scale, we allow you to focus on your core business while we leverage your finance technology investments, reduce your finance and accounting costs and improve your quality and control environment. And, if you already have a shared service organization, EDS can partner with you to evolve your Shared Services strategy and achieve the next wave of value generation.
Beyond Labor Arbitrage
This paper examines the opportunities for leveraging a BPO partner's operational excellence for improving business outcomes. It examines the potential impact of the BPO provider’s operational practices on delivery, cost, quality, risk, compliance, agility and ongoing optimization. Finally, it describes the need for an integrated, end-to-end, multidisciplinary and life cycle approach to operational excellence – as well as the importance of both innovative and industry-standard methodologies, documentation, tools and infrastructure when selecting a strategic partner.
- Download the Finance & Accounting At-A-Glance PDF, 706K
- Read the Tribune Publishing Selects HP for Business Process Outsourcing Services News Release (on hp.com)
- Download the Building Sustainable BPO Article Reprint PDF, 170K
- Download the Process Perspective: A Mixed Model for Finance Transformation PDF, 0K
For more information about what EDS can do for you, submit a business inquiry.