The Changing Role of Finance:

Deepening Analytics

At a time where managing financial

volatility is the keystone of many

companies' strategies, the CFO's

role is becoming more strategic and

influential. The finance function

needs to provide critical insights to

enable more efficient and effective

business operations.

In today’s fast evolving digital era, technologies are transforming

how industries create value

Over $1 trillion in Mobile

eCommerce revenue by 2017

Mobile and Social

$290 billion in Machine-to-

Machine revenue by 2017

Internet of Things

More than $17 billion in Big Data

revenue by 2015

Big Data

$200 billion in Cloud Services

revenue by 2015

Cloud

Source: Real-Time Survey Results from 2013 CFO Summit at Oracle OpenWorld

As digitization advances, CFOs

need to go beyond numbers to

analyze business transformation.

They need to not only accelerate

strategic growth across the

enterprise, but also ensure its

alignment with the company’s

business objectives.

Key business challenges

Lack of single

version of

truth

Gap between

objectives

and outcomes

Prolonged

closure time

Increased need for

global market expertise

as against specific local

market knowledge

Need to invest in digitally-

enabled business models

Limited control

and flexibility

High

investments in

low value areas

High manual

effort

Companies are adopting several approaches to sharpen their

analytical capabilities to support business decisions

Transforming

finance

processes to

meet

regulatory or

compliance

requirements

Leveraging

business

driver based

financial

planning and

budgeting

Fast tracking

planning and

budgeting with

cloud

offerings

1 2 3

1. Transforming finance processes to meet the regulatory or

compliance requirements

Factors influencing global trends continue to affect regulatory compliance, and

impose challenges that require increasingly sophisticated leadership to identify and

manage emerging risks

Technology influencing strategic business decisions

Growing volatility of

global economies

Gap between information availability and needs

Rise of several risks –

need for effective controls

By transforming finance processes to meet the regulatory or compliance requirements, companies can -

• Improve the ease of transactions

• Leverage technologies and tools to address business complexities

• Invest to comply with regulatory requirements

• Digitally re-imagine the customer experience

TCS’ Finance Transformation initiatives help CFOs effectively

manage their Total Cost of Operations, and enhance

standardization and transparency

Companies need to focus on business plans by accounting for criteria that are

most capable of driving success. To ensure this, they must leverage both financial

and non-financial drivers to overcome challenges -

No formal planning

processes

Inadequate planning

tools

Highly manual

processes

Adhoc spreadsheets

2. Driver based financial planning and budgeting

By leveraging driver based financial planning and budgeting, companies can:

• Harness a comprehensive automated system for planning, budgeting and forecasting

• Integrate long-range, annual and quarterly planning, budgeting, forecasting and management reporting

• Ensure balanced inclusion of both external and internal data points and drivers

• Validate target setting against bottom-up business insight

• Realize industry aligned and shortened planning cycles

• Enable scenario planning and simulations

Built on Hyperion Planning and OBIEE, TCS’ Rapid

Financial Planning for Telecom companies provides

various driver-based models for planning, budgeting and

forecasting

The planning and forecasting environment has changed considerably for most organizations in today’s global economy. To keep pace with changing business conditions, companies recognize the need to-

Reduce usage of

spreadsheets

Shift towards Cloud

3. Fast track planning and budgeting with Cloud

Integrating fast-track planning and budgeting with Cloud can enable companies to:

• Rapidly deploy planning and budgeting solutions

• Eliminate infrastructure CAPEX

• Minimize the IT resources required to support business

• Simplify technology choices with flexible deployment options

• Mix and move between deployment models as business needs change

Built on Oracle Cloud, TCS’ JumpStart offering

accelerates the move from spreadsheets to an

enterprise wide planning system

TCS JumpStart

Plan at the speed of business

Embrace moving to the

Cloud

Focus on targets and gaps with

confidence in projections

Integrate predictive analytics

into forecasting

Recommendations

IT Services

Business Solutions

Consulting

Contact a Consultant

Write to us: Oracle.practice@tcs.com

The Changing Role of Finance: Deepening Analytics