Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company, today announced that Wipro BPO has been positioned among the top worldwide Finance and Accounting (F&A) services providers by leading analyst firm HfS Research in its "Blueprint Report on Finance and Accounting BPO," authored by analysts Phil Fersht and Brian Dubiel.
Unlike other quadrants and matrices, the HfS Blueprint identifies relevant differentials among service providers across a number of facets, under two main categories: innovation and execution. While Execution represents service providers’ ability to deliver services, Innovation represents service providers’ ability to improve services.
According to the report, Wipro’s process competency is well respected and enjoys a long standing reputation for delivering BPO competency particularly, in F&A that sits well with Wipro’s DNA and culture. Wipro’s price competitiveness and solution flexibility along with experience in providing end-to-end support for F&A services in addition to point solutions has been cited as a key value add for Wipro. Citing Wipro’s differentiating factors, the report also mentions the company’s strong passion and capabilities in developing technology platforms to support BPO prowess, notably Wipro’s impressive BASE)))™, a technology-enabled platform, offering a suite of end-to-end finance service delivery and analytics applications.
Wipro ranks high on the Innovation front in the report. HfS notes that Wipro’s additional emphasis on developing vertical capabilities has also helped it in becoming one of the more innovative firms and a real “dark horse” to watch in the coming months.
The report ratings are based on a broad range of stakeholders with specific weightings derived from 1,355 crowd-sourced responses. The various stakeholders that participate in the ratings include buyers, service providers, industry influencers (sourcing advisors), sourcing executive council members and analysts.
Ashwin Bhatia, Vice President, Corporate Business Services, Wipro BPO, said, “We are delighted to have been rated favorably in the HfS research report. We have successfully delivered complex programs, consolidated operations and delivered efficiency benefits resulting in quantifiable business value for our customers. Our key differentiator is our passion to positively impact our clients’ business and our capabilities in developing F&A technology platforms to support BPO, notably our BASE)))™ offering, a suite of end-to-end finance service delivery and analytics applications.”