AI-powered Solution Enhances Decision-Making, Reduces Manual Processes, and Unlocks New Revenue Streams
Palo Alto, CA, Sep 12, 2024: JIFFY.ai, in collaboration with WNS, is thrilled to announce the launch of TRAC ONE-F, an AI-powered unified autonomous finance solution designed to revolutionize enterprise Finance & Accounting (F&A). The HyperApp solution leverages AI, ML, NLP and analytics to bring predictive insights and forecasts to the CFO’s Office, enabling better decision-making and proactive risk management.
As CFOs grapple with mounting challenges, such as having to allocate a big chunk of their time on tasks that could be automated and managing manual processes prone to an 18%-40% error rate, the need for digital transformation in F&A has never been clearer. Recent studies have revealed that repetitive tasks take up 40% of F&A employees’ workweeks, contributing to inefficient processes that lead to 20-30% annual revenue loss.
TRAC ONE-F addresses these pain points, streamlining F&A processes end to end across Procure-to-Pay, Order-to-Cash, Record-to-Report, and Financial Planning & Analysis (FP&A). The results include more than 85% touchless processing, 80% quicker period-end close, 50% faster deployment cycles, and a 20% reduction in the cash conversion cycle.
“Today’s CFOs are navigating stalled transformations, cost pressures, and technology evolution. TRAC ONE-F empowers Finance teams to shift from manual tasks to strategic value creation across Procure-to-Pay, Order-to-Cash, Record-to-Report, and FP&A processes. Our as-a-service model supports rapid adoption and scalability,” said Kris Subramanian, COO of JIFFY.ai.
Key highlights of TRAC ONE-F include:
Procure-to-Pay HyperApp: Enables Accounts Payable teams to achieve straight-through processing, offering end-to-end visibility into transactions and comprehensive insights for informed decision-making on supplier management and cash flow.
Order-to-Cash HyperApp: Configurable to meet reconciliation needs, allowing rapid customizations for file formats, matching rules, and automated exception handling.
Record-to-Report HyperApp: Speeds up account closures, ensures data integrity, and generates accurate reports with eClose-as-a-Service, providing flexible and scalable configurations for diverse reporting needs.
Emphasizing the significance of this partnership, Krishnan Raghunathan, Head of Finance & Accounting Services at WNS, said: “Our collaboration with JIFFY.ai has brought to life finance-ready HyperApps that reshape digital strategies, giving finance leaders the power to integrate systems, drive decision-making, and unlock human potential for innovation.”
With pre-configured finance widgets and no-code editors, TRAC ONE-F empowers enterprises to build autonomous finance apps 10X faster, paving the way for the future of finance and accounting.
About WNS / F&A Solutions
WNS empowers finance leaders with innovative F&A solutions for sustainable growth and operational efficiency. Recognized by top industry analysts as a leader in F&A services, WNS offers agility, deep insights and exceptional value, ensuring finance functions are not just prepared but also thrive in today’s dynamic markets. WNS collaborates closely with 150+ global clients’ CFO offices across 100+ geographies, delivering bespoke services that transform challenges into opportunities for sustainable value creation. Visit www.wns.com for details.
For Further Reading
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