CSC Announces PeopleSoft Implementation and Application Outsourcing Contract with Synovus Financial Corp.
EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif., Aug. 30 /PRNewswire/ -- Computer Sciences Corp. (NYSE NYSE
See: New York Stock Exchange : CSC) has announced a multiyear, multimillion-dollar agreement to implement, support and maintain the human resources (HR) applications of Synovus Financial Corp. (NYSE: SNV SNV Synovus Financial Corp. (stock symbol)
SNV Schweizerische Normenvereinigung (Swiss standards body)
SNV Stichting Nederlandse Vrijwilligers (Netherlands Development Organization) ), a diversified financial services company with approximately 10,000 team members.
Over the course of this agreement, CSC will implement PeopleSoft's HR, benefits administration and payroll applications for Synovus Service Corp., and will provide ongoing applications support and facilities management.
"We selected CSC's PeopleSoft practice as our long-term implementation and outsourcing partner because of their cultural fit, their relative experience and their flexibility," said Synovus Vice President Ruby Price.
Added Synovus Vice President Carey Ellinghaus, "We chose PeopleSoft as our Human Resources Management Systems partner for several reasons, including culture, a similar approach to customer service, their products' close functionality match with our current requirements, and their R& D vision."
The project exemplifies CSC's end-to-end approach in the enterprise solutions marketplace, providing a single, clearly defined solution that breaks out costs, deliverable target dates and market-driven upgrades over the life of the project, allowing for long-term planning and budgeting.
PeopleSoft application management and support is provided by CSC's Global PeopleSoft Practice in Athens, Ala. CSC will provide user support, problem correction/break-fix support, portfolio enhancements to the PeopleSoft software, and technical support.
"The need for businesses to structure long-term, financially predictable outsourcing agreements drove CSC to create this approach," said William Read, vice president of CSC's Consulting Group. "We not only offer implementation and ongoing support, but we structure arrangements that will allow businesses such as Synovus Financial Corp. to plan their long-term, technology-related investments with more certainty."
Synovus Financial Corp. is a $10.6 billion asset, multi-financial services company composed of 36 banks serving communities throughout the southeast; an 80.8% ownership of Total System Services, Inc. (NYSE: TSS See ITU. ), one of the world's largest credit, debit, commercial and private-label card processing companies; Synovus Trust Company, Synovus Securities, Inc., and Synovus Mortgage Corp. Synovus' Internet address is www.synovus.com.
Computer Sciences Corporation helps clients in industry and government use information technology to achieve strategic and operational objectives. With 52,000 employees in more than 700 offices worldwide, the company tailors solutions from a broad suite of integrated service and technology offerings, including e-business strategies and technologies; management and I/T consulting; systems consulting and integration; application software; and I/T and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in .
Since its formation in 1959, CSC has been known for its flexibility in its relationships with clients. Through numerous agreements with hardware and software technology firms, the company is able to identify and manage solutions specifically tailored to each client's needs. CSC had revenues of $8 billion for the twelve months ended July 2, 1999. Its headquarters are in El Segundo, California
El Segundo is a city in Los Angeles County, California on the Santa Monica Bay, incorporated on January 18, 1917. The population was 16,033 at the 2000 census. . For more information, visit the company's web site at www.csc.com