IT services firm Wipro will offer Chesapeake financial software solutions as both a cloud-based ASP service and as an in-house licensed software platform.
Chesapeake financial software solutions include Reconciliation Management and Balance Sheet Integrity (T-Recs Enterprise), Treasury & Cash Management and Bank Payment Management (SmartTreasury and SmartAnalysis).
Wipro said these solutions will enable the finance controller organization to reduce the manual efforts involved in Balance Sheet Reconciliations. More efficiency and reduction in cost to the finance function are the main results.
Workflow usage, automatic matching, automatic certification, risk-based reporting and audit trail functions will also improve compliance to internal controls and policies, including SOX compliance, said Wipro in a statement.
“Many of our clients across industry sectors within the CFO’s organization are looking for a higher level of maturity to automate and simplify their Finance & Accounting business processes and effectively support core business activities while minimizing associated costs and risk within their management reconciliation processes,” said Tomas Romero, Global Finance & Accounting Transformation Practice Leader, Wipro Consulting Services.