Case Study: Fortune Global Engineering Services Company achieves 33% annual cost savings and streamlined Finance & Accounting with Hexaware

Implementing Smarter and Streamlined Finance Accounting Processes for a Fortune Global Engineering Services Company

Fortune Global Engineering Services Company, a Fortune 500 provider of engineering, construction and technical services with ~70,000 employees and over US$13Bn in consolidated revenue, faced fragmented and decentralized Finance & Accounting operations. Key challenges included inconsistent project accounting and invoicing across geographies, complex expense reporting, limited adoption of document management, difficulty recognizing un‑billed revenue, and high project accounting costs. Hexaware was engaged to offshore and standardize back‑office finance processes and improve visibility and control.

Hexaware implemented a phased global transition to its Project Accounting Service Centre (PASC) in India, developed an Online Query Management Tool and an IP‑enabled project accounting tool, and configured Liquid Office to drive document management and business rules. The solution standardized and streamlined accounts payable and project accounting, consistently exceeded SLAs, accelerated revenue realization and reduced compliance risk — delivering 33% total annual cost savings (approximately USD 3 million per annum at steady state) while supporting 275+ projects and ongoing growth.