Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, announced the launch of AceFin™, a cognitive AI-based Business Process-as-a-Service (BPaaS) solution designed to provide actionable insights (tactical & strategic) for Chief Finance Officers (CFOs). The solution integrates data sources from various IT systems ensuring “Single Source of Truth” that enables timely decision making and maintenance of best-in-class standards in the finance function.
AceFin™ will support CFOs in tracking company-wide financial and productivity metrics across business units and geographies. The solution will enable area-specific deep dives and drilldowns into any business area or process. AceFin™ capabilities will allow CFOs with end-to-end finance insights through greater visibility, and accessibility by bringing together various finance data elements in real-time. The solution will empower CFOs and their teams to stay on top of problems across business functions and address them in a timely manner by escalating them to the appropriate stakeholders.
The solution is based on an advanced data mining tool which can convert complex data into analytics and insights. AceFin™ reports on all key performance indicators (KPIs) in real time. It also focuses on operational to strategic finance KPIs and makes complex data analysis simple. The solution will enable Tech Mahindra customers to deepen their digital footprint, bringing a tangible impact on their working capital and cost of finance operations. This will minimize/eliminate revenue leakages, optimize decision making while making investments including Mergers and Acquisition (M&A), divestitures’ resulting in enhanced C-Sat scores.
The addition of AceFin™ is in line with Tech Mahindra’s NXT.NOW™ framework, which aims to enhance ‘Human Centric Experience’, with a focus on investing in emerging technologies and solutions that enable digital transformation and meet the evolving needs of the customer.