How Automation played a key role in designing a business resilience strategy at Philips
The event has concluded, but the experience doesn't have to end. Download the on-demand video below and relive the experience.
Home > AssistEdge > Events > How Automation played a key role in designing a business resilience strategy at Philips
About the Webinar
COVID-19 is a pandemic that has affected business critical functions across enterprises in the world. From impacting the way we work and the way we provide service to our customers, it has forced us to rethink every business strategy. In these difficult times, enterprises have realized that it is critical to have a future proof business resilience strategy that can enable them to manage disruptive situations.
Watch this webinar recording to hear how Philips used Automation to build a business resilience strategy and ensure continuity for critical business operations amidst COVID-19.
Watch the Webinar Recording
Key Highlights
ASPIRATIONAL TARGET
Philips Hoshin Strategy
1 Million Hours Savings in Finance Operations over 3 years
ROADBLOCKS
Complex Processes and Massive Scale
Error Prone Manual Tasks and Process Inefficiency
Multiple Handoffs and Ad-hoc intervention
COVID-19 Outbreak
SOLUTION APPROACH
Long Term Investment and partnership – EdgeVerve (AssistEdge) + Infosys BPM
Centralize location strategy with Infosys BPM
Achieve end-to-end Automation across Finance domain
Establish a strong governance with change and improvement program
ACHIEVEMENTS
~€18M
Business Benefits over 5 years
550+
AssistEdge RPA Bots
640k+
Man-Hours Re-purposed
320+
FTEs Saved
73%
Processes Standardized
400+
Business Entities Impacted
~100%
Coverage for Activities
On-Time Quarter End
Book Close
“This is one of the most complex finance transformation programs in the world. Collaborative efforts led by Philips Finance leadership, supported by Infosys BPM process and technology knowledge leveraging AssistEdge Platform delivered significant business benefits”
– Royal Philips
Thank you for your interest!
Your download is ready. Please click here to manually initiate the download.
Speakers
Arvind Subramanian
Head of Accounting Operations, Philips
Arvind Subramanian
Over 25+ years of progressive experience in financial operations and executive management for diverse businesses across medical device, finance and public accounting industries.
Currently in a leadership position heading Accounting Operations for Philips Healthtech spread across multiple locations, both captive and third party.
A proven and collaborative leader in business performance, lending to profitable growth and improved cash flows, through implementation of continuous improvement, financial stewardship and process re-design.
Skills include Transformation, coaching, continuous improvement, people and performance management.
Dr Lakshmanan Ramanathan
Senior Delivery Manager, BPM Technology Solutions Group, Infosys
Dr Lakshmanan Ramanathan
Lakshmanan has extensive experience in Information Technology (IT) services and Business Process Management (BPM) sector including Solution Design, Delivery Management, Pre-sales, Program/Project Management, Software Development/Maintenance, and Architecture definition.
Lakshmanan has around 19 years of progressive experience across roles in Infosys group. In his recent role, he established a Greenfield setup of Automation practice in Infosys BPM Limited and program managed org-wide productivity improvement\automation initiative. Lakshmanan currently Heads Delivery of Technology and Automation solutions across all verticals in Infosys BPM
Lakshmanan hold a Ph.D. in Information Systems with a specialization in Open Source Software (OSS) adoption. Authored journal articles related to OSS, adoption and related issues. The purpose of these papers are to identify the influence of outsourcing on open source software (OSS) adoption and further investigate the factors that impact the adoption of OSS in global Information Technology (IT) outsourcing organizations. Developed a conceptual model that describes the factors influencing the adoption by using the technology-organization-environment framework.
Shrikant Deo
Director - Platform Management, EdgeVerve
Shrikant Deo
RPA thought leader and Director of Product Management for AssistEdge, the market leading RPA product from EdgeVerve Systems.
Senior IT Products professional with a total of 20+ years of experience in multiple leadership positions. Has conceptualized and built B2B IT products from scratch and taken them to market. A global leader with experience in managing IT teams across USA, UK, Australia and India. Has done MBA from IIM Ahmedabad.