Finance and Accounting for Finance Excellence in the Electronics and High Tech Industries

Electronics and high-tech companies around the world are under increasing pressure to juggle many financial tasks:

• Meet compliance requirements.
  
  
• Effectively manage working capital—often across multiple business lines or geographies.
  
  
• Monitor and continually streamline their transaction-processing activities.
  
  
• Carry out their responsibilities more effectively and cost-efficiently.

Results from Accenture's ongoing research into achieving finance excellence in the electronics and high-tech industries reveal that high-performance businesses and governments embrace entirely new ways of thinking about finance performance management. Organizations that consider alternative service innovations create the greatest value for their shareholders.

One area in particular where electronics and high tech companies are lagging, is in days sales outstanding (DSO)—the time it takes to collect receivables that in turn can lead to serious cash flow problems.

To improve DSO and cash flow, savvy electronics and high-tech companies are embracing revenue assurance—a comprehensive approach to improving revenue management throughout the organization.

Accenture's Point of View on Global Sourcing
This video is a discussion between company executives who are evaluating their global sourcing model. It clearly shows where companies are excelling and are ready to optimize, and where they are diversifying and need to manage risk.

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Accenture can help electronics and high-tech companies improve their finance and accounting function through service innovation to progress the company on its journey towards high performance and finance excellence.

Accenture is a recognized leader in finance and accounting functions. We have almost 600 clients—with more than 250 in the communications, electronics and high-tech industries—and 20 years’ experience.

Based on a holistic model, we integrate our outsourcing capabilities with our consulting business. This means clients gain access to the full scope of our solutions, delivery centers and alliances to generate even greater value. The results include streamlined financial operations, substantial and sustainable operating cost savings, and transformational business outcomes with less risk and less capital.

Accenture can help its clients do more than reduce costs and increase efficiency. By teaming with an experienced and trusted partner such as Accenture, clients gain access to best-in-class service innovations and processes to achieve finance excellence and high performance.

With our considerable client experience, highly skilled professionals, powerful assets and strong alliance relationships, we are skilled at helping electronics and high-tech businesses tackle finance and accounting challenges in a way that enables finance excellence.

Client Successes:

• Find out how Accenture helped a media and entertainment technology company through Finance & Accounting Outsourcing.

• Revenue Assurance for the Electronics and High Tech Industry: At Accenture, we believe that revenue assurance programs are particularly important for companies in the electronics and high-tech sectors.
  
  
• Finance & Accounting Business Process Outsourcing for the Electronics & High Tech industry: The benefits of outsourcing on finance and accounting performance are obvious. It lowers costs and improves services. What's more, outsourcing routine finance-related tasks enables finance excellence that frees resources so you can focus on finding value generators.
  
  
• Financial Excellence for the Electronics & High Tech Industry: Based on our extensive experience, we know that high-performance electronics and high-tech companies strive to do certain things better by taking bold steps.