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“Please allow me to thank the Patni team for the exemplary work you have done in the processing of our subscription work. Your understanding of our processing needs, mapping of the business rules and procedures for our different subscription forms, while re-engineering the process, has been outstanding. Your offshore team was trained successfully to deliver excellent quality within a short period of time. Today, in the face of steep transaction volume growth, your team continues to meet all SLA targets, and its performance has consistently exceeded our expectations..”
Senior Director
One of the largest family welfare
non-profit organizations in the US
 

BPO-KPO Service Offerings

Finance & Accounting
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

 
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.
 
  Case Studies
Leading TPA maximizes capability to handle fluctuating volume of health claims
Offshore IT helpdesk support helps large insurance ISV improve quality of customer service
Large service provider partners with Patni to provide benefits administration services
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  Thought Papers
Business Process Outsourcing - Destination India
Continuous Process Improvement - Managing Dynamic Business Environment
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Business Process Outsourcing: Advantage Finance and Accounting
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401(K) Plan - Insurance
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401(K) Plan - Financial Services
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