Professional Services|Finance|Increase Efficiency

AccentureFinancial operations

Custom code bloated the 5-day close. Generative AI now drafts variance narratives 60% faster, saving 57,000 hours.

Nov 1, 2024|1 year ago

Key results

Annual Time Savings
57,000 hours
Speed Improvement
60%
Accuracy Rate
95%

The company

Accenture logo

Accenture

accenture.com

Global professional services for strategy, consulting, technology, and operations.

IndustryProfessional Services
LocationDublin, Ireland
Employees100K+
Founded1989

Result highlights

  • 57,000 hours saved annually by finance teams
  • 60% faster financial narrative creation
  • 95% cash management accuracy via predictive AI
  • 91% approval rate for AI variance analysis
  • 20% reduction in idle cash flow
  • 2x automatic payment clearing rate

The story

A global professional services firm with 774,000 employees running one of the world's largest SAP S/4HANA Cloud environments for finance and procurement.

Rapid growth created thousands of lines of custom code, making upgrades resource-intensive and hindering innovation. Processing corporate allocations took over 30 hours monthly, while the global financial close process required five days.

The firm migrated to a managed cloud environment to replace custom code with standard AI modules and SAP Business Technology Platform extensions. An Intelligent Financial Advisor uses generative AI to draft variance analysis narratives and flags discrepancies directly in Microsoft Teams. Predictive models in SAP Analytics Cloud handle cash forecasting like inventory optimization.

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