Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,512.38 -3.89 -0.03%
TOPIX 1,171.40 -1.97 -0.17%
HANG SENG 22,760.24 64.23 0.28%

Infosys BPO and OB10 Announce Strategic Partnership



             Infosys BPO and OB10 Announce Strategic Partnership

Finance and Accounting Business Process Management Leader Integrates Invoice
Automation into its Services

PR Newswire

LONDON, November 27, 2012

LONDON, November 27, 2012 /PRNewswire/ --

OB10, the e-Invoicing network, today announced a strategic partnership with
Infosys BPO, the business process outsourcing subsidiary of Infosys Limited.
This partnering of two best-of-breed companies will offer enhanced
capabilities to the Finance and Accounting (F&A) business process
management and process automation spaces.

The collaboration enables Infosys BPO to extend the next wave of business
benefits to its global clients. Invoice processing has traditionally been an
area of labour-intensive and high touch point transactional activity within
the finance function. OB10's invoice-automation services enable improved
productivity, enhanced data quality, payment on time and increased
transparency to the purchase-to-pay process.

Anantha Radhakrishnan, Vice President and Unit Head - Global Centers, Business
Transformation and Technology Services, Infosys BPO, said, "Our partnership
with OB10 will help in further transforming clients' businesses, thus
realizing enhanced business value for them. E-Invoicing is a key strategic
imperative for clients in the Finance and Accounting space, and this
partnership will help deliver higher efficiency and effectiveness to them.
This association further validates our position as a trusted transformation
partner to our clients."

The combination of best-in-class skills, technology and methodologies from
OB10 and Infosys BPO has already had an impact on two large global
corporations that are rolling out e-Invoicing to their supplier ecosystems.

"Automation is the natural next step for organisations that have centralised
their finance functions," said Luke McKeever, CEO at OB10. "By working closely
with Infosys BPO, we are making the transition to electronic invoicing
seamless to both customers and their suppliers. Once embedded, their
relationships can be strengthened even further with easy access to early
payment through dynamic discounting and supply chain finance."

About OB10

OB10 (http://www.OB10.com), the e-Invoicing network, simplifies and
streamlines the complex invoice-to-pay process to enable prompt payment.
Operational across Europe, North America and Asia, OB10 can reduce the cost of
invoice processing by 60% and deliver an ROI in less than a year.

The OB10 network connects over 120,000 suppliers to large buyers, such as
Aviva, Cargill, Deutsche Lufthansa, Nomura, Eli Lilly & Company, General
Motors, GlaxoSmithKline, IBM, Kellogg's, Motorola, Tesco, US Federal
Government and Whirlpool.

Contact: Sandra Higgison, Head of Global Communications, OB10
P: +44(0)20-7406-5772
E: sandra.higgison@OB10.com

About Infosys BPO

Infosys BPO Ltd. (http://www.infosysbpo.com), the Business Process Outsourcing
subsidiary of Infosys Limited, was set up in April 2002. Infosys BPO focuses
on integrated end-to-end outsourcing and delivers transformational benefits to
its clients through reduced costs, ongoing productivity improvements, and
process reengineering. Infosys BPO operates in India, the Czech Republic,
Poland, Mexico, Brazil, USA, China, the Philippines and Australia, and as on
September 30, 2012, employed 24,056 people. It closed FY 2011-12 with revenues
of $494.5 million.

About Infosys Ltd.

Infosys partners with global enterprises to drive their innovation-led growth.
That's why Forbes ranked Infosys 19^th among the top 100 most innovative
companies. As a leading provider of next-generation consulting, technology,
and outsourcing solutions, Infosys helps clients in more than 30 countries
realize their goals. Visit http://www.infosys.com and see how Infosys (NASDAQ:
INFY), with its 150,000+ people, is Building Tomorrow's Enterprise® today.

Infosys Safe Harbor

Certain statements in this release concerning our future growth prospects are
forward-looking statements, which involve a number of risks and uncertainties
that could cause actual results to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties regarding
fluctuations in earnings, fluctuations in foreign exchange rates, our ability
to manage growth, intense competition in IT services including those factors
which may affect our cost advantage, wage increases in India, our ability to
attract and retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration, restrictions on
immigration, industry segment concentration, our ability to manage our
international operations, reduced demand for technology in our key focus
areas, disruptions in telecommunication networks or system failures, our
ability to successfully complete and integrate potential acquisitions,
liability for damages on our service contracts, the success of the companies
in which Infosys has made strategic investments, withdrawal or expiration of
governmental fiscal incentives, political instability and regional conflicts,
legal restrictions on raising capital or acquiring companies outside India,
and unauthorized use of our intellectual property and general economic
conditions affecting our industry. Additional risks that could affect our
future operating results are more fully described in our United States
Securities and Exchange Commission filings including our Annual Report on Form
20-F for the fiscal year ended March 31, 2012 and on Form 6-K for the quarters
ended December 31, 2011, June 30, 2012 and September 30, 2012. These filings
are available at http://www.sec.gov. Infosys may, from time to time, make
additional written and oral forward-looking statements, including statements
contained in the company's filings with the Securities and Exchange Commission
and our reports to shareholders. The company does not undertake to update any
forward-looking statements that may be made from time to time by or on behalf
of the company.

Contact: Neha Iyer, Infosys BPO Ltd.
P: +91-9686456327
E: Neha_Iyer@infosys.com  

SOURCE OB10
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement