WNS Case Study of Debt-Collection Process Transformation

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A WNS Case Study - Transformed the Debt Collection Process of a Leading Provider of Information and Telecommunication Solutions for the Air Transport Industry. Reduced unallocated cash by over 50 percent in six months

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WNS Case Study of Debt-Collection Process Transformation

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The Insurance Industry is faced with a myriad of challenges such as a need to manage costs better, keep update with stringent regulations and the ever increasing demands from consumers. Analytics can play a vital role in assisting Insurance Executives navigate the technical and operational complexities to accelerate the growth of the industry. Covering key aspects like Reporting, Descriptive or the advanced Predictive and Prescriptive analytics, this Whitepaper “Insuring the Insurance Business with Actionable Analytics” examines a complete view on how analytics can transform the insurance business to create value for all stakeholders.

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Our client is a global logistics conglomerate headquartered in the U.S., with a broad portfolio of transportation, e-commerce and business services. It has been consistently ranked among the world's most admired and trusted companies. The company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected parent brand. The client's express transportation unit delivers millions of packages daily to more than 200 countries and territories

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When the United Kingdom's National Statistics Office announced that retail sales volumes had plummeted 3.9 percent in June 2008 (down 2.2 percent on an annualized comparison), and like-for-like sales value declined 0.9 percent during July 2008, vis-à-vis same period last year; it precipitated the concerns pertaining to the health of U.K.'s retail market. In this article, the author suggests the factors that adversely impacted the country’s retail industry. The article also outlines the strategies being adopted by retailers to attract customers. Through several examples, the author concludes that the success mantra for retailers lies in gaining better and faster insights pertaining to market, consumer, self and competitors and then using these insights to develop and execute business strategies. Identifying and developing these insights to define and sharpen their strategy is impacted by the paucity of talent, time, and analytical expertise. Successful retailers have recognized the power of outsourcing this capability to develop actionable insights. Read more such articles at http://www.wns.com/Insights/Articles/tabid/81/Default.aspx

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The demand for finance and accounting outsourcing (FAO) services is strong and will continue to grow in 2010, according to the findings of The WNS Annual CFO Survey 2010. The study consisted of an online survey of 100 senior finance executives in organizations with revenues of over $3 billion. The survey was designed to identify and analyze key items on the CFO's agenda and assess how alternative service delivery models such as business process outsourcing are used to address these agendas. Some of the key findings include: - Over 75 percent of the finance executives plan to expand their outsourcing programs in 2010 - Driving corporate cost cutting efforts and improving internal controls are the two most crucial issues in 2010 - Forty-four percent of the finance executives believe growing the business will be an organizational imperative in 2010 - Over 85 percent of the finance executives are satisfied with the benefits from FAO "The survey clearly suggests that FAO has become a mainstream tool as 85 percent of respondents say they are satisfied with the benefits. While FAO has been commonly used to reduce cost of operations, it is increasingly becoming more strategic, focusing on transforming F&A operations," said Sulakshana Patankar, Business Unit Leader, WNS Finance and Accounting Solutions. "It is extremely encouraging to note that respondents who outsource plan to increase the scale of their programs in 2010, expanding both processes in scope and adding business units and geographies." The survey was commissioned by WNS (Holdings) Limited (NYSE: WNS) and conducted by EquaSiis, an EquaTerra company. For the findings and additional details about The WNS Annual CFO Survey 2010, please visit www.wns.com/financeandaccounting.

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According to American Customer Satisfaction Index and the Financial Services Customer Experience Survey 2008, 26 per cent of insurance customers will switch their insurance providers, based solely on one bad experience with a call center! It is clear that customer experience can make or break a deal for insurers. And the need to care for customers as efficiently as possible has never been more critical, thanks to increased competition from newer providers who aggressively use the Internet as a channel. Through this article, the author suggests the six most critical challenges that customer care executives in insurance companies should address to ensure a better customer experience and thereby deliver growth for the company. Read more such articles at http://www.wns.com/Insights/Articles/tabid/81/Default.aspx

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Business process outsourcing (BPO) represents a strategic and efficient option for companies looking to thrive in these tumultuous times. If implemented properly, BPO can be a fast and simple solution to rapidly reduce costs, help organizations survive the economic downturn and set the stage for future growth. In this article, through various examples, the author demonstrates how business process outsourcing (BPO) can help the airline; hotels and car rental industry survive this economic downturn. It also offers eight simple rules to ensure success of your business process outsourcing program. Finally the author also suggests the various travel processes that companies can outsource. Read more such articles at http://www.wns.com/Insights/Articles/tabid/81/Default.aspx

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