WNS Launches TRAC ONE-F, an AI-integrated Unified Finance HyperApp
WNS (NYSE: WNS) has launched TRAC ONE-F, an AI-integrated unified finance hyperapp powered by JIFFY.ai. This solution aims to drive autonomous accounting processes for CFOs by creating a touchless environment using advanced analytics and Generative AI. TRAC ONE-F transforms the entire Finance and Accounting (F&A) function, offering benefits such as:
- 20% reduction in cash conversion cycle
- 50% reduction in deployment cycle time
- Up to 70% faster period-end close
- Up to 80% touchless processing
WNS and JIFFY.ai will co-market and jointly deliver TRAC ONE-F, combining their expertise to drive transformative results for clients. The solution is designed for scalability and rapid deployment, positioning itself as a strategic cornerstone for CFOs globally.
WNS (NYSE: WNS) ha lanciato TRAC ONE-F, un hyperapp finanziario integrato con intelligenza artificiale, sviluppato da JIFFY.ai. Questa soluzione ha l'obiettivo di promuovere processi contabili autonomi per i CFO, creando un ambiente senza attriti attraverso analisi avanzate e intelligenza artificiale generativa. TRAC ONE-F trasforma l'intera funzione di Finanza e Contabilità (F&A), offrendo vantaggi come:
- riduzione del 20% del ciclo di conversione del denaro
- riduzione del 50% del tempo di implementazione
- fino al 70% di velocità maggiore nella chiusura di periodo
- fino all'80% di elaborazione senza contatto
WNS e JIFFY.ai co-marketeranno e consegneranno congiuntamente TRAC ONE-F, combinando la loro esperienza per ottenere risultati trasformativi per i clienti. La soluzione è progettata per la scalabilità e una rapida implementazione, posizionandosi come un fondamentale strategico per i CFO a livello globale.
WNS (NYSE: WNS) ha lanzado TRAC ONE-F, una hiperaplicación financiera unificada integrada con IA, impulsada por JIFFY.ai. Esta solución busca impulsar procesos contables autónomos para los CFOs, creando un entorno sin contacto con análisis avanzados e inteligencia artificial generativa. TRAC ONE-F transforma toda la función de Finanzas y Contabilidad (F&A), ofreciendo beneficios como:
- reducción del 20% en el ciclo de conversión de efectivo
- reducción del 50% en el tiempo de implementación
- hasta un 70% de cierre de período más rápido
- hasta un 80% de procesamiento sin contacto
WNS y JIFFY.ai co-marketerán y entregarán conjuntamente TRAC ONE-F, combinando su experiencia para impulsar resultados transformadores para los clientes. La solución está diseñada para escalabilidad y rápida implementación, posicionándose como un pilar estratégico para los CFOs a nivel mundial.
WNS (NYSE: WNS)는 JIFFY.ai가 지원하는 AI 통합 재무 하이퍼앱 TRAC ONE-F를 출시했습니다. 이 솔루션은 고급 분석 및 생성 AI를 사용하여 무접촉 환경을 만들어 CFO를 위한 자율 회계 프로세스를 촉진하는 것을 목표로 합니다. TRAC ONE-F는 전체 재무 및 회계(F&A) 기능을 변혁하여 다음과 같은 이점을 제공합니다:
- 현금 전환 주기 20% 단축
- 배치 주기 시간 50% 단축
- 기간 종료 처리 70% 더 빨라짐
- 80%까지 무접촉 처리 가능
WNS와 JIFFY.ai는 TRAC ONE-F를 공동 마케팅하고 함께 제공하여 고객을 위한 혁신적인 결과를 이끌어내기 위해 전문성을 결합할 것입니다. 이 솔루션은 확장성과 신속한 배포를 위해 설계되어 전 세계 CFO를 위한 전략적 기초로 자리 잡고 있습니다.
WNS (NYSE : WNS) a lancé TRAC ONE-F, une hyperapplication financière unifiée intégrée à l'IA et alimentée par JIFFY.ai. Cette solution vise à favoriser des processus comptables autonomes pour les CFO en créant un environnement sans contact grâce à des analyses avancées et à l'IA générative. TRAC ONE-F transforme l'ensemble de la fonction Finances et Comptabilité (F&A), offrant des avantages tels que :
- réduction de 20 % du cycle de conversion des liquidités
- réduction de 50 % du temps de déploiement
- fermeture de période jusqu'à 70 % plus rapide
- traitement sans contact jusqu'à 80 %
WNS et JIFFY.ai co-commercialiseront et fourniront conjointement TRAC ONE-F, combinant leur expertise pour générer des résultats transformateurs pour les clients. La solution est conçue pour être évolutive et se déployer rapidement, se positionnant comme un pilier stratégique pour les CFO à l'échelle mondiale.
WNS (NYSE: WNS) hat TRAC ONE-F, eine KI-integrative, einheitliche Finanz-Hyperapp, die von JIFFY.ai unterstützt wird, eingeführt. Diese Lösung zielt darauf ab, autonome Buchhaltungsprozesse für CFOs zu fördern, indem sie eine berührungslose Umgebung mit fortschrittlicher Analytik und generativer KI schafft. TRAC ONE-F transformiert die gesamte Finanz- und Buchhaltungsfunktion (F&A) und bietet Vorteile wie:
- 20% Reduktion des Cash Conversion Cycle
- 50% Reduktion der Implementierungszeit
- Bis zu 70% schnellere Monatsabschlüsse
- Bis zu 80% berührungslose Verarbeitung
WNS und JIFFY.ai werden TRAC ONE-F gemeinsam vermarkten und liefern, indem sie ihre Expertise kombinieren, um transformative Ergebnisse für Kunden zu erzielen. Die Lösung ist auf Skalierbarkeit und eine schnelle Implementierung ausgelegt und positioniert sich damit als strategisches Fundament für CFOs weltweit.
- Launch of AI-integrated unified finance hyperapp TRAC ONE-F
- Strategic collaboration with JIFFY.ai for co-marketing and joint delivery
- Potential for 20% reduction in cash conversion cycle
- Up to 70% faster period-end close
- Up to 80% touchless processing in F&A functions
- None.
Insights
WNS's launch of TRAC ONE-F represents a significant leap in AI-driven financial management solutions. The platform's ability to create a touchless environment for accounting processes addresses a important pain point for CFOs, potentially revolutionizing how companies handle their F&A functions.
The reported outcomes are impressive, with up to 80% touchless processing and a 70% faster period-end close. These efficiency gains could translate into substantial cost savings and improved decision-making capabilities for adopting companies. However, it's important to note that real-world results may vary and the full impact will depend on successful implementation and integration with existing systems.
The partnership with JIFFY.ai adds credibility to the solution, combining WNS's industry experience with JIFFY.ai's technological expertise. This collaboration could accelerate market penetration and enhance the product's capabilities over time.
TRAC ONE-F's integration of Generative AI into financial processes marks a significant advancement in the application of AI to enterprise operations. This move aligns with the broader trend of AI adoption in corporate functions, potentially setting a new standard for the industry.
The platform's ability to deliver predictive insights and forecasts is particularly noteworthy. This feature could provide companies with a competitive edge by enabling more proactive decision-making and risk management. However, the effectiveness of these predictions will heavily depend on the quality and breadth of data inputs, as well as the sophistication of the AI models employed.
While the promised benefits are substantial, companies considering adoption should carefully evaluate their readiness for such advanced automation. Successful implementation will likely require significant changes to existing processes and potentially staff retraining or reallocation.
The introduction of TRAC ONE-F reflects WNS's strategic pivot towards high-value, technology-driven solutions. This move could potentially enhance WNS's competitive position in the BPM market, differentiating it from traditional service providers.
The solution's focus on scalability and rapid deployment is crucial, as it addresses key concerns of potential enterprise clients. If successful, this could lead to faster adoption rates and potentially higher margins for WNS.
However, the long-term success of this strategy hinges on several factors. WNS will need to demonstrate consistent results across various client implementations, manage the challenges of AI integration and continue innovating to stay ahead in a rapidly evolving market. Additionally, the company may face increased competition from both established players and startups in the fintech space.
Investors should monitor client adoption rates, revenue contribution from AI-driven solutions and WNS's ability to attract and retain AI talent as key indicators of this strategy's success.
TRAC ONE-F transforms the entire Finance and Accounting (F&A) function, leveraging predictive insights and forecasts to enable more timely business decisions and proactive risk management. The platform is also capable of delivering tangible business outcomes across the F&A lifecycle including: a
Through this strategic collaboration, WNS and JIFFY.ai will co-market and jointly deliver the TRAC ONE-F solution to clients, combining the unique expertise of each firm to help drive transformative results.
“In an increasingly volatile business environment, the CFO’s office maintains significant responsibility for ensuring operating performance, business continuity, and long-term sustainability. Building on more than 25 years of finance & accounting services experience and advanced analytics capabilities, WNS is proud to introduce TRAC ONE-F. Designed for scalability and rapid deployment, this AI-integrated unified finance hyperapp solution is poised to become a strategic cornerstone for CFOs globally. We are excited to introduce this industry-first solution in collaboration with JIFFY.ai,” said Keshav R. Murugesh, Group CEO, WNS.
“We are proud to partner with WNS to create TRAC ONE-F, the first-ever AI-Integrated Autonomous Finance solution for forward-thinking CFO offices. With TRAC ONE-F, organizations can now drive successful transformations to optimize finance function costs, embrace AI-powered automation, and gain real-time data insights. We believe this unique offering will be an industry game-changer, offering immediate benefits and substantial long-term advantages for clients that can reshape the landscape of digital strategy," said Babu Sivadasan, Chairman & CEO, JIFFY.ai.
About WNS
WNS (Holdings) Limited (NYSE: WNS) is a leading Business Process Management (BPM) company. WNS combines deep industry knowledge with technology, analytics, and process expertise to co-create innovative, digitally led transformational solutions with over 600 clients across various industries. WNS delivers an entire spectrum of BPM solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of June 30, 2024, WNS had 60,513 professionals across 64 delivery centers worldwide including facilities in
For more information, visit www.wns.com or follow us on Facebook, Twitter, LinkedIn, and Instagram.
Safe Harbor Provision
This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240910295844/en/
Investors:
David
EVP – Finance & Head of Investor Relations
WNS (Holdings) Limited
+1 (646) 908-2615
david.mackey@wns.com
Media:
Archana Raghuram
EVP & Global Head – Marketing & Communications
WNS (Holdings) Limited
+91 (22) 4095 2397
archana.raghuram@wns.com; pr@wns.com
Source: WNS (Holdings) Limited
FAQ
What is TRAC ONE-F and what company launched it?
What are the key benefits of WNS's TRAC ONE-F solution?
How will WNS and JIFFY.ai collaborate on TRAC ONE-F?
What is the target market for WNS's TRAC ONE-F solution?
