AI-Enabled Financial Close as a Service
ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Intelligent Closeâ„�,Ìýoffered through finance as a service and supported by AI, eases the technology and talent challenges associated with modernizing finance and accounting functions.
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It’s the 11th hour of your financial close (again)—and the pressure is on
A single adjustment at the end of the quarter can trigger over 100 changes, resulting in late nights, manual errors, and stress over what might have been missed. Generative AI (GenAI) is often exalted as the answer to these problems and so many other challenges. But for finance and accounting, it is important to remember the foundational processes and technologies required to make your life manageable.Ìý
In an increasingly complex environment characterized by advancing technology and escalating costs, numerous challenges remain:
- Multiple bottlenecks and manual processes creating inefficiencies and errors
- Lack of talent with the right digital and AI skillsÌý
- Legacy technology and infrastructure that can’t keep pace with changing demands let alone scale with business growthÌý
- Lack of useful data, including access to external sources, and the inability to distill insights from noise
By applying emerging technology, traditional accounting activities can evolve to what we call the “Intelligent Close.â€� But we take it one step further when we deliver ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Intelligent CloseTM as a service.
The next generation of global business services is here with Finance as a Service
Finance teams face a growing roster of complex issues even as the company pushes them to move faster, innovate operations, and deliver more value. To make that happen, many companies are turning to a new class of managed services providers.
From Digital to Intelligent Close
Our Intelligent Close offering embeds digital, analytical, and AI capabilities directly into financial processes, from the creation of a transaction all the way through to accounting and reporting. This includes AI agents that can perform tasks autonomously under strict governance and controls.
You can revolutionize your finance organization from being the accountant to a value creator with the four components of an Intelligent Close:
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Download the full reportIntelligent Close Gets Smarter as a Service
Intelligent Close is delivered through the ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Finance as a Service (FaaS) solution to help reduce costs and lay a solid foundation for scalable, efficient, and high-quality operations that are ready to adapt and grow with the changing business environment.Ìý
ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø LLP (ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø) takes on the burden of continually optimizing processes with industry-leading practices and innovative technologies so that you can focus on creating value across the entire enterprise. These technologies can be existing client-owned technologies or ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø-provided technologies implemented with an approach to achieve optimization.
Finance organizations can choose Intelligent Close as one of several à la carte FaaS solutions including upstream and transactional processes, intelligent performance, and enterprise data management; or they can implement the entire FaaS platform. Organizations can also choose between two FaaS delivery models:
Build and operate.ÌýOur skilled team, enabled by AI, can optimize your Intelligent Close and other finance processes while continuing to keep them running smoothly with the latest technology and practice updates.Ìý
Build, operate, and transfer.ÌýFor companies that plan to scale up, we can optimize capabilities and help operate them while simultaneously training your workforce until they have the skills and resources to operate the new, upgraded platform on their own.Ìý
Intelligent Close Delivered as a Service Provides Finance Organizations With:
- Controlled, highly automated finance technology architectureÌý
- Single source of truth for finance data and reporting
- Fully reconciled, trusted data source for all financial reporting
- Reduced human intervention and risk of error
- Faster period-end close cycles
- Ability to rapidly respond to evolving regulatory demands to help minimize risk of penalties
- Access to improved financial reporting and value-add analysis through easy-to-use, customizable reports and dashboards
- Higher resource retention through an improved finance customer experienceÌý
- Ability to proactively respond to rapidly evolving finance capabilities and technologies.
The next generation of global business services is here with Finance as a Service
Finance teams face a growing roster of complex issues even as the company pushes them to move faster, innovate operations, and deliver more value. To make that happen, many companies are turning to a new class of managed services providers.
How ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Can Help
With Intelligent Close delivered as a service, you give us your processes and we bring the technology and talent to deliver and drive value through the latest advanced finance and accounting capabilities.
We start by understanding your current technology capabilities and process gaps. We then help you prioritize where you want to go and offer strategies and plans to build a customized path forward. Finally, we work side by side with your team for as far as you want to go, from building and operating financial solutions to preparing the organization for a successful handoff.
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Begin your journey towards AI-driven success with ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Finance as a Service
Our finance professionals design and deploy solutions that meet each client’s unique needs in the three core finance functions: transactions, financial close, and financial planning and analysis. These solutions are embedded with the latest AI, cloud, and enterprise data capabilities from the start. And, every custom solution leverages our significant functional and industry experience.Ìý
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We then fully manage these core operations on an ongoing basis, working closely with clients to continuously optimize costs, generate impactful insights, and increase productivity and profitability.
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ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Intelligent Close
Harness the digital, analytical, and AI capabilities that can move your team from accountants to value creators.
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Discover the industry-leading, AI-powered solution that dramatically improves the speed, accuracy, and value of your financial forecasts and insights.
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Unlock the full potential of AI and other leading technologies by building a strong foundation of core capabilities that are tightly connected across the organization.
ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Powered Enterprise
Transform your business functions with technology-enabled, outcome-driven transformation journeys, guided by skilled ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø teams.
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Connect with us
For more information about Intelligent Close and how ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø can help make your financial processes easier and more efficient, please connect with our professionals:
