Back to top
Image Alt

Finance

Transforming Finance through technology

Thoucentric finance helps organizations at every step from identifying the process gaps to building the technology roadmap. We drive large scale transformation programs- owning the project delivery, change management, and tool adoption.

Latest Thinking

Machine learning in P&L forecasting

Traditional Forecasting techniques suffer from shortcomings such as lack of scenario analysis and effect of external economic indicators such as PMI, Inflation, housing index, etc. leading to a significant forecast error which impacts financial performance. Adopting machine learning tools in P&L forecasting improves the accuracy and thus the financial performance.

Channel Financing for Working Capital

Channel Financing is an innovative working capital facility to finance channel partners such as distributors and dealers for purchase of goods. Channel financing provides instant credit, delivers digital & paperless payment, and provides real time automated reconciliation between bank and company ERP systems.

Our Solutions

Thoucentric offers subject matter expertise to drive complex, large-scale programs for efficient implementation and process adherence.

Infographic_Finance_opt5

Case Studies

Reduction of forecast closing time

Working with multiple functions such as Supply Chain and Finance in 80+ countries of a CPG firm, Thoucentric team delivered a unified P&L forecasting tool. The tool led to 20-25% improvement in forecast closing cycle and decrease in volume value disconnect.

Financial consolidation using S4/HANA

Thoucentric assisted a CPG firm to integrate multiple ERP platforms and localized systems into one S/4HANA based finance platform for Overheads management, providing real-time organization wide finance view.

Global roll-out of Coupa for P2P transformation

Thoucentric spearheaded the Procure to Pay process transformation for a CPG firm. The team managed End-to-End program, set up the service model and helped the business users in new tool adoption.

Commodity Price forecasting with higher accuracy

Combining Finance and analytics expertise, Thoucentric developed an ML powered tool for forecasting the future prices of select commodities. The tool has delivered over 99% accuracy in certain commodities and markets thus reducing human intervention for hedging & guessing transaction strike prices.

Team Profile

Team Profile
Functional SME
Program Manager
Project Manager
Change Managers
Strategy Consultants
Domain Expert

Connect to Practice Lead

Abha Bhatnagar

Practice Lead – Finance

    • IT strategy, planning, and execution for Finance
    • Large scale transformation delivery
    • ERP solution delivery

Subscribe to our newsletter