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As businesses expand globally and embrace advanced technologies such as AI, the complexity of managing risk and compliance increases significantly. Finance leaders face evolving regulations and challenges, including complex accounting and reporting, a shortage of domain experts, and a reactive approach to risk and compliance management. Highly manual risk, control, and compliance processes, coupled with the siloed operations and lack of insights, further amplify the challenges. Nearly 50% of organizations believe that standardizing risk and compliance frameworks will be key to driving success.

WNS’ analytics-driven Finance Controls & Compliance Services are designed to proactively uncover and transform risks into opportunities. Drawing on 20+ years of experience, our solutions ensure a robust compliance strategy that keeps you ahead of regulatory changes, enhances operational and financial stability, and safeguards your reputation.

Enhance fraud awareness, and prevention

Improve accuracy and reliability of financial reporting

Reduce revenue leakage

Modernize Finance Controls & Compliance

Utilize our AI-powered solutions, which include an innovative GRC framework, data-driven audits, and AI-integrated risk models, to foster seamless collaboration across departments and ensure precise compliance. Our experts employ phased approach to establish a solid foundation of streamlined processes, data, personnel, and technology, delivering actionable insights that add value to your business.

Comprehensive-Framework

Comprehensive R&C Framework

Intelligent-Risk-Assessment

Intelligent Risk Assessment

Automated-Control-Testing

Automated Control Testing

System-Controls-Review

System Controls Review

Collaborative-Documentation

Collaborative Documentation

Automated-Reporting

Automated Reporting

Embrace Next-gen Risk & Compliance Programs

Risk & Controls Frameworks

  • Designing financial reporting controls framework
  • Diagnostic review of governance framework / structure
  • Risk assessment, prioritization
  • Creation of Risk Register or inventory
  • Facilitating risk and controls Self Assessments

Controls Testing & Advisory

  • Control testing (Sarbanes Oxley Act IT General Controls)
  • Quality testing
  • Deficiency management
  • Controls rationalization
  • Designing of fraud prevention controls
  • Designing new controls for new emergfing risk

Audit Analytics

  • Continuous assurance and high impact reporting
  • Fraud Analytics
  • Support for implementation of Governance, Risk and Compliance (GRC) workflow tool
  • Leverage RPA, data analytics for building R&C “smart” function
  • Designing controls transformation roadmap

Audit Support Services

  • Designing Risk Control Matrix
  • Preparation of process narratives, process flow charts
  • Technical review of Policy and Procedure
  • Contracts review for financial analysis
  • Review of Segregation of duties
  • IT Systems Audit, Migration Audit, implementation Support
  • Fraud awareness workshops

Regulatory compliance

  • Designing industry regulatory compliance framework
  • Facilitate regulatory Change impact Assessment
  • Support regulatory review / audits by external parties
  • Support implementation of new reporting requirement (UK SOX, IFRS, Corporate Governance)
  • Regulatory Training and workshops
  • ESG governance, & advisory

WNS Advantage

Powered by AI, our sophisticated framework for Risk and Controls Implementation draws upon our extensive experience from in-depth consultations with clients and industry experts. The end-to-end framework offers a structured approach to optimize and enhance internal control mechanisms across:

Scoping

Risk Assessment

Design Controls/Framework Development

Controls Testing/ Reporting Automation

Governance & improvement

The framework leverages a four-pronged strategy to establish a robust compliance program.

Enables proactive risk sensing and insights with advanced AI and analytics

Strengthens process controls and reporting to meet evolving regulations

Prevents fraud and mitigates monetary and reputational risks

Drives cost efficiencies and minimizes revenue leakages

WNS-Advantage
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