Overview
Philips is a European multinational organization with a presence in nearly 100 countries, delivering cutting-edge solutions to consumers and businesses. With a strong focus on innovation, the company is accelerating its next phase of growth by harnessing the power of digital transformation.
Opportunity
The organization wanted to reduce costs and optimize its F&A operation across the globe. Processes required extensive manual intervention, which impacted accuracy of its results. Moreover, these processes were fragmented across a complex IT landscape. Automating the process end-to-end was a challenge due to errors and exceptions.
Solution
Our client saw automation as one of the critical levers to scale their digital transformation program. With AssistEdge, our client was able to automate 100+ processes across its operations.
Outcome
KPIs delivered across critical business dimensions:
550+
Bots currently live in the F&A processes across the globe
210+
Use cases automated across a complex IT landscape fragmented systems
100+
Processes automated like RTR, PTP, FP&A, and OTC
65+
Countries Catering of 400+ internal business entities across the globe
$40M+
Savings delivered across the automaton project till date
320+
FTEs reassigned to high importance activities. Target is 500+ FTE savings by EoY
10+
SAP Instance processes have been automated
1,000,000
Hours saved over a period of 2 years by improving overall TAT
AssistEdge delivered results on high impact processes in F&A
Payroll Posting
Benefits delivered:
Dunning
Benefits delivered:
Reconciliation
Benefits delivered:
Revenue Accounting
Benefits delivered: