Finance and accounting

Designing and running excellent finance operations and platforms to ensure a reliable, controlled and flexible service

Sopra Steria is one of Europe’s leading providers of outsourced finance and accounting services*

Staffed by top quality finance experts, and with arguably Europe’s largest shared service, we deliver on an industrial scale. This drives down unit costs that contribute both to savings and to the investments and innovation that create world-class finance operations.

Despite our large scale and global delivery, we bring a local touch to big and small organisations alike. With a strong presence across the European region, we are trusted by our clients to move them to upper quartile performance, irrespective of the start point. Success means putting the users at the heart of any transformation programme, training budget holders and end users of finance when rolling out new ways of working. 

We understand that regulations, systems and processes are not static. Our finance specialists, including a number of CFOs, actively look at the future of finance and leading best practice. We design and run excellent finance operations and platforms that ensure a reliable, controlled and flexible service that can deliver change. This enables our public and private sector clients to dramatically improve control, cost and service.

Transforming the finance ERP platform to transform the organisation

Sopra Steria is one of only a very few organisations to run a full F&A BPaaS* - multi-service and multi-client - and we've been doing so for ten years. Having the ability to combine deep enterprise resource planning (ERP) and BPS expertise allows us to align the levers of transformation to more effectively deliver better outcomes. It is not just about owning the platform - although we do in some instances - it is more about being able to combine management of the systems and processes which stops IT being a blocker to service improvements. We “horizon scan” for new technologies, assess candidates and select for proofs of concept. Use of enabling technologies, robotics and analytical tools on top of the ERP all contribute to greater effectiveness and better insight for business decisions.

In addition, we can deliver radical systems upgrades and new builds of the platform - for example, the recent, Integrated Single Finance Environment (ISFE) which has enabled the UK Government to implement a new Health and Social Care Act to challenging timelines, now giving big data insight across the whole of the NHS England’s healthcare commissioning. This in turn is driving even greater opportunities for performance improvement. Read more about this award-winning project.

How do we achieve this on behalf of our clients?

We cover every aspect of the F&A function, from day-to-day transactional needs (P2P*, O2C*, ledger services, treasury and cash) to our added value advisory and analytics services. We recognise that finance does not stand alone and can be most effective when an end-to-end perspective is taken.

We can extend from Purchase-to-Pay into spend analytics and strategic sourcing (read more on our page about Procurement services), and from Order-to-Cash into customer billing, arrears and collections (read more on our page about Customer Service).

We combine our deep experience of F&A with industry understanding to address specific challenges in order to provide you with a more rounded and progressive partnership. We bring new ideas for automation and innovation to our clients and have a commitment to building Enhanced Lean cultures to ensure we sustain continual improvement.

With IT-enabled financial processes advancing, and geographical constraints dissolving, Sopra Steria is helping to shape the finance function of the future.

Run smarter with Sopra Steria’s business process finance and accounting services:

A list of our F and A services

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If you would like to discuss the challenges you may have with any aspect of your finance function, please contact us.

Related services that can help you transform your business:

* In their Global BPO Market Forecast: 2013 – 2017 Nelson Hall rank us as:

FinTran_Ranking_Rings

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Description of Sopra Steria's business process finance and accounting services

This image represents a 'brick wall' with different length 'bricks' depicting the following services:

  • Accounting and Business Advisory & Change Management
  • Financial Planning Services
  • Reporting & Analytics Services
  • Ledger Services
  • Treasury & Cash Management
  • Order to Cash
  • Purchase to Pay
  • Employee Payments
  • Specialist Finance Services
  • Service Desk
  • Finance Systems Management & Development
  • F&A Shared Service Management

Description of Nelson Hall rankings

  • Number 1 UK Purchase to pay BPO provider
  • Number 2 UK F&A BPO provider
  • Number 2 UK multi process F&A BPO provider

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Explanation of acronyms

* BPaaS - Business Process as a Service
* P2P - Purchase-to-Pay
* O2C - Order-to-Cash