Finance and Accounting for 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 recent Accenture's ongoing research reveal that high-performance businesses and governments embrace entirely new ways of thinking about finance and performance management. These are the organizations that 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. This in turn can lead to serious cash flow problems.

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

Related Research and Insights
Find out about the relationship between finance and high performance from our landmark study.

Accenture's Point of View on Global Sourcing
This video is a discussion between company executives as they evaluate their global sourcing model. You'll learn where the company is excelling and ready to optimize, and where it is diversifying and needs to manage risk.

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Accenture can help electronics and high-tech companies improve their finance and accounting function in order to progress on the journey toward high performance.

Accenture is a recognized leader in finance and accounting functions. We have almost 600 outsourcing clients—with more than 250 in the communications, electronics and high-tech industries—and 20 years of 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 to do more than reduce costs and efficiency. By teaming with an experienced and trusted partner such as Accenture, clients gain access to best-in-class processes in order to achieve 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.

Client Successes:

• Find out how Accenture helped a media and entertainment technology company through Finance & Accounting Outsourcing.
  
  
• Find out why Siemens teamed with Accenture to develop a comprehensive plan for creating a financial reporting solution.
  
  
• Learn how Accenture helped Siemens to boost profitability and more quickly respond to change.
  
  

• 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 are obvious. It lowers costs and improves services. What's more, outsourcing routine finance-related tasks 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.