Ketera and Infosys BPO Form Strategic Procurement Outsourcing Alliance.Partnership to Help Enterprise Customers Transform Procurement Business Processes BANGALORE, India & FREMONT, Calif. & SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Ketera, the leading provider of On Demand Spend Management solutions, and Infosys BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra , the 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 subsidiary of Infosys Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :INFY INFY Infosys Technologies Ltd (stock symbol) ), today announced a strategic alliance designed to help enterprise customers transform their procure-to-pay business processes with outsourced solutions and services. Together, Ketera and Infosys BPO can offer customers worldwide a transformational solution that reduces procurement costs, improves spend compliance, and ultimately increases spend under management. Infosys BPO will leverage Ketera's on demand spend management solutions to deliver procure-to-pay outsourcing services with scalable, easy-to-use and fast time-to-value benefits. Ketera also will work with Infosys BPO to provide offerings to enterprise customers that require coordinated procure-to-pay capabilities. Additionally, both companies will collaborate on joint sales and marketing initiatives to enhance their positions as leaders in their respective spaces. "Infosys BPO helps customers transform their procurement business processes," says Devesh Nayel, vice president and head of the procurement outsourcing Procurement Outsourcing is the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company's focus on its core competencies. business at Infosys BPO. "This partnership with Ketera will help us work together to tackle the 'heavy lifting' in non-core procurement activities and allow our customers to focus on more strategic areas of the procure-to-pay-cycle. As a result, enterprises can expect to see more value in a shorter time frame from all their procure-to-pay activities and achieve greater business process excellence." "We are enthusiastic about our strategic alliance with Infosys BPO because it allows us to strengthen our solutions across the complete procure-to-pay value chain, and deliver more savings to our customers," said Burton M. Goldfield Goldfield, small town, SW Nev., a former gold-mining center. Gold was discovered there in 1902, and after an early period of disappointment, large yields of high quality gold were extracted. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ketera. "By combining our procurement solution and services offering, we're confident we can jointly offer global companies the best on demand spend management solutions, and serve as a strategic partner to the most important companies in the world." About Infosys BPO Ltd Infosys BPO Ltd (www.infosys.com/bpo), formerly Progeon Ltd, was established in April 2002 as the business process outsourcing subsidiary of Infosys Technologies. Today, it is ranked among the leading BPO companies in India by NASSCOM NASSCOM National Association of Software and Service Companies (India) , Dataquest, the International Association of Outsourcing Professionals, Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: , and others. 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, China, and Philippines (through a partner), and employs over 8500 people. It closed FY 2005-06 with revenues of $85.5 million. About Ketera Ketera is the leading provider of on demand, spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership. Ketera Spend Management includes applications for spend analysis, sourcing, procurement, contract management, supplier performance and payment and reconciliation. The Ketera difference is our on demand delivery model, which combines hosted spend management applications with the "heavy lifting" services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades. For more information about Ketera and the Ketera Spend Management suite of services, please visit www.ketera.com. |
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