Wipro Ltd. (NYSE:WIT), a leading Global Information Technology, Consulting and Outsourcing company announced that Wipro BPO has once again been recognized by Gartner, Inc. in the leaders quadrant in the report, "Magic Quadrant for Finance and Accounting (F&A) BPO, Global," authored by Cathy Tornbohm and published May 29, 2013.
Gartner positioned Wipro in the leaders quadrant based on its ability to execute and completeness of vision. The Magic Quadrant evaluated vendor capabilities in the Comprehensive Finance and Accounting business process outsourcing market among 17 providers.
As per the report, leaders are performing well today, both with a clear vision of market direction and by actively building competencies to sustain their leaders position in the market. The comprehensive F&A BPO players in this quadrant generally share superior market understanding, and they have a global client base, an extensive network of well-distributed and highly populated global delivery centers catering for multiple languages, a good balance of transactional and high-end F&A delivery, and innovative well-communicated and marketed sales offerings.
Gartner defines comprehensive F&A processes as the outsourcing of three or more finance processes to a single provider. The report also said “This Magic Quadrant offers a deep analysis of the competitive positioning for comprehensive F&A BPO services by showcasing the relative placing of the main players in the market according to a variety of criteria, and by offering detailed strengths and cautions for each of the included vendors.”Ashwin Bhatia, Vice President, Corporate Business Services, Wipro BPO, said, “We are honored to have received the recognition. We believe it is a testimony of our commitment towards building a strong end-to-end Finance and Accounting (F&A) services portfolio backed by strong industry expertise, right domain knowledge, tools and methodologies. We have successfully delivered complex programs, consolidated operations and delivered efficiency benefits resulting into quantified business value for our customers. Our key differentiator lies in our capabilities towards developing F&A technology platforms to support BPO, notably our BASE))) TM offering, a suite of end to end finance service delivery and analytics applications.” Wipro BPO, the Business Process Outsourcing service line of Wipro Technologies, is one of the largest BPO service providers on a global delivery platform. Wipro BPO services portfolio spans industry specific solutions in Customer Contact centre (technical and non-technical; voice and non-voice), Finance and Accounting outsourcing, Human Resource outsourcing, Supply chain management, Research, Analytics and Social Media Monitoring and Knowledge services including Data Management and reporting, Legal process outsourcing, and Sales and Marketing outsourcing. Wipro BPO operates from 33 centers in 13 countries, including Poland, Romania, China, Japan, Philippines, Australia, U.S, Canada, Brazil, Mexico, Ireland, S. Korea and India.