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Client: Global telecommunications leader
Solution: Fynapse
Industry: Telecommunications
Challenges: high transaction volumes, needed to reduce costs
1.5m saved by retiring legacy systems with more expected
Savings of c. 3,900 FTE das annually due to automation of processes
40%-50% reduction in costs associated with compressed reporting close
3x faster than existing on-prem solution with manual entries reduced from 5,000 to 50.
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The mission of the CFO has shifted to that of trusted business advisor and transformation enabler, but the systems and solutions they use are often not equipped to deliver on that mission. Fynapse enables the capabilities required by today’s finance teams and reflects that shift in the market towards automation, scalability, and near real time processes.
Finance Transformation Partner, KPMG
This global, US-headquartered Telecommunications organization processes an extremely high volume of transactions on a daily basis and was looking to optimize their hardware and software cost structure while also shifting their operating model from technology heavy to finance-owned. Fynapse presented a path to move to the cloud, improve performance and reduce the overall cost of their finance systems architecture.
Project goals included reducing costs, imporving performance and empowering the finance team with a better user-experience.
The organization selected Aptitude Fynapse, a cloud-native, next generation finance data management platform with the power to automate financial data processes and eliminate data silos to create a single, real-time view of finance business data. Unrivaled processing speed and scale enables real-time insights for growth, efficiency and sustainability business wide.
In addition to an immediate reduction in hardware and software costs, with more cost savings to come, the increase in transaction processing speeds is significant, clocking in at over 100 million journal lines an hour. Fynapse has also helped reduce and simplify the number of accounting rule configurations, reducing both the cost and effort to maintain them.
See Fynapse in action.
