Finance & Accounting

By Business Units

Financial performance is generally assessed on its efficiency and the quality of its data. One of the most frequent way to evaluate financial performance is to evaluate if the total execution cost is lower than 1% of the global company’s revenue.

Centralizing the financial workload is a start… but excellence can only be achieved through automation. Invoice dematerialization, P2P (Procure to Pay) and R2R (Record to Report) process automation and RPA are solutions that can increase your efficiency and drastically lower your costs.

Heatmap for Finance and Accounting

High Automation Potential

Medium Automation Potential

Low Automation Potential

Source to pay

Manage Procurement
Activities

Purchase Goods &
Services

Receive Goods &
Services

Process Invoices

Process Payment

Generate reports

Order to Cash

Customer set up &
Contract

Assess & Manage
Credit

Quote to Order
Process

Order Fulfilment

Invoice Customer

Accounts Receivables

Manage Cash

Record to
Report

Planning & Management
Accounting

General Accounting &
Reporting

Fixed Asset Project
Accounting

Payroll Accounting

General Accounting

Manage Policies &
Procedures

Perform General
Accounting

Perform Fixed Asset
Accounting

Perform Finance
Reporting

Treasury

Manage Treasury
Process & Procedures

Manage Cash

Manage In-House
Bank Accounts

Manage Risk &
Hedging Strategy

FP&A

Reports & Analyses

Budgeting &
Forecasting

Use case

Verify compliance (Order management)

Weekly time saved

5 days

ROI

20 min

Automation rate

75%

Context

Prysmian Group operates in the businesses of underground cables and systems for power distribution with sales of over €7.5 billion per year and 21,000 employees worldwide. In 2017, Prysman decided to analyse its O2C process.

Solution

Through process mining and automation, we have been able to address the needs to identify the critical activities in terms of costs and time and to monitor logistic blocks in order to speed up the process. We achieved error eradication, time savings and we drastically improved efficiency.

Our mission is to put your teammates at the centre of digital transformation. Our will is to support our clients whatever their size to derive the greatest benefits from digital transformation, improving productivity and employees’ work environment.

LILA BENHAMMOU

General Director

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