Ketera's On Demand Spend Management technology platform to power HCL BPO's full-scope procurement outsourcing services
Noida, India, and San Jose, Calif., February 11, 2009 - HCL Technologies Ltd.-BPO Services and Ketera today formally announced a strategic alliance to provide Source-to-Pay services. Through this partnership with Ketera, HCL BPO will deliver full-scope procurement outsourcing across industry verticals. Ketera provides a complete On Demand Spend Management suite which HCL deploys in its services to maximize efficiencies, reduce costs, and increase productivity for its clients. Ketera's robust technology platform will power HCL's unique Source-to-Pay services across Spend Management, e-Sourcing, e-Procurement and Contract Management.
Ketera's Spend Management technology platform gives mid and large size enterprises cost effective spend management solutions that reduce and control corporate spending for direct and indirect goods - creating auditable business processes that lead to corporate governance and compliance. Through this strategic partnership, HCL clients would benefit from Ketera's easily accessible Source-to-Pay applications, while leveraging HCL's wide-range of agile, core-backbone capabilities which will together enhance the procurement services outsourced.
"Ketera creates a source-to-pay loop to identify, capture and sustain bottom-line savings with spend analysis, sourcing, procurement, contract management, invoice management and supplier management. Our innovative Software as a Service (SaaS) based solutions provide a low risk, low cost way to deploy rapidly, eliminating the majority of IT costs or large up front license fees," said Stephen Savignano, Chairman of the Board & Chief Executive Officer, Ketera Technologies, Inc.
"HCL's Source-to-Pay services with Ketera technology platform will help large organizations to strategically outsource and thereby harness the value of industry innovations, while maintaining mission-critical operations in-house. Small and Medium enterprises can leverage these Source-to-Pay services to create a world-class supply chain and effective information management within an affordable budget," said S Rajagopal, Head - KPO, HCL Technologies Ltd.-BPO Services.
About HCL Technologies Ltd. - BPO Services
HCL Technologies Ltd. - BPO Services (HCL BPO) is one of the early players of Business Process Outsourcing. With several Fortune 500/Fortune Global 500 customers, 160+ processes and over 12,500 professionals operating out of India, UK and USA, HCL BPO has strong domain knowledge and runs quality driven processes. HCL BPO's focus verticals include Telecom, Retail & CPG, Banking & Financial Services, Insurance, Hi-Tech & Manufacturing, and Media Publishing & Entertainment. This apart, the company services various areas of operations that include Supply Chain Management, Finance and Accounting Services, Knowledge & Legal Services, Customer Relationship Management and Technical Support.
The organization ranks 3rd in the Employee Satisfaction Survey 2008 by DQ-IDC. HCL BPO ranks 4th globally in the Business Process Outsourcing vendors survey by Black Book of Outsourcing, 2008. IAOP ranks HCL BPO in the Leaders category of the 2008 Global Outsourcing 100. HCL BPO is the largest BPO service provider in Northern Ireland. For more information, please visit www.hclbpo.com.
About HCL Technologies
HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on ‘transformational outsourcing', underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 19 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Aerospace & Defense, Telecom, Retail & CPG, Life Sciences & Healthcare, Media & Entertainment, Travel, Transportation & Logistics, Automotive, Government and Energies & Utilities. HCL takes pride in its philosophy of ‘Employee First' which empowers our 52,957 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had last twelve months revenues of US$ 2.0 billion (Rs. 8974 crores), as on 31st December 2008. For more information, please visit www.hcltech.com.
About HCL Enterprise
HCL is a $5 billion leading Global Technology and IT Enterprise that comprises two companies listed in India - HCL Technologies & HCL Infosystems. The 3-decade-old Enterprise, founded in 1976, is one of India's original IT garage start-ups. Its range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises over 58,000 professionals of diverse nationalities, who operate from 20 countries including 360 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit www.hcl.in
Forward-looking Statements
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