New Delhi — Tech Mahindra Tuesday announced it has launched AceFin, a cognitive AI-based Business Process-as-a-Service (BPaaS) solution for Chief Finance Officers (CFOs). The solution is based on an advanced data mining tool that can convert complex data into analytics and insights.
AceFin integrates data sources from various IT systems, ensuring a “Single Source of Truth.” This aids in timely decision-making as well as maintenance of best-in-class standards in the finance function.
Birendra Sen, the Business Head of Tech Mahindra Business Process Services, said, “CFOs are increasingly turning to AI-driven solutions to enhance their decision-making abilities and boost the agility of the finance and accounting functions.”
According to Sen, the solution meets the growing needs in industrial operations and advances Tech Mahindra’s aim of offering best-in-class digital solutions. “AceFin will enable CFOs to make decisions based on in-depth data insights and AI/ML-based forecasting models. This will empower finance heads to drive profitability and growth while minimizing risks,” he added.
Tech Mahindra claims users of the solution can bring a tangible impact on their working capital and the cost of finance operations. Apart from that it says AceFin can also minimize revenue leakages and result in enhanced C-Sat scores.