Accenture Finance Transformation Solution
Accenture has launched its
Accenture Finance Transformation
Solution (AFTS), a leading edge preconfigured platform powered by SAP
HANA© which could help banks and
insurance companies reduce the
costs of their finance function by up
to 30%*, improve the accuracy and
transparency of their financial figures,
and improve the speed of closing and
financial reporting.
AFTS currently runs in production for
several major clients in over 20 countries
and across several thousand users. It treats
several million postings a day at peak,
supporting processes related to general
and analytical accounting, sub-ledger
accounting, controlling and financial
reporting.
AFTS incorporates a comprehensive library
of project deliverables and is supported by
an industrialized delivery and maintenance
team in India helping run finance
transformation projects with, on average,
a 30% timeframe and cost reduction*
when compared to traditional approaches.
This reduction could be as large as 50%
when clients choose to fully on-board and
adopt the platform.
AFTS encompasses finance best practices
which can help clients comply with local
regulatory requirements.
AFTS remains fully modular and flexible
and can address the needs of a variety of
entities ranging from small local niche
players in simple businesses to complex
Tier 1 global financial services companies.
It can be easily inserted into existing
legacy architecture landscapes without
affecting core business applications.
Accenture continues to invest in the
platform and plans in the coming months
to extend the coverage and value of the
offering by migrating AFTS to SAP® Simple
Finance and to complete AFTS with SAP®
Bank Analyzer and Insurance Analyzer on
SAP HANA® to offer integrated finance
and risk solutions to clients.
*based on Accenture internal analysis
Copyright © 2014 Accenture All rights reserved.
3
Preconfigured
System
2
4
Optimized
Financial processes
and Best Practices
Industrialized
project delivery
teams
Helps maximise long-term
value through process and
system best practices
Could reduce project costs
and duration by up to 50%
1
Assessment and
Business Case
models
Users in over
20 COUNTRIES
Limits client business team’s
contribution during project
5
Business and
IT Run Teams
Helps secure project delivery
and reduce risks
150+
PROCESSES
MILLIONS
of postings per day
at peak