Wipro BPO, the Business Process Outsourcing arm of Wipro Technologies, the Global Information Technology, Consulting, and Outsourcing Business of Wipro Limited (NYSE: WIT) has been recognized by Gartner, Inc. in the Leaders quadrant in the report, "Magic Quadrant for Comprehensive Finance and Accounting (F&A) BPO, Global," authored by Cathy Tornbohm and published June 29, 2011.
Gartner positioned Wipro in the leaders quadrant based on the evaluation criteria of ability to execute and completeness of vision. The report evaluated a qualified group of 16 vendors in the F&A BPO market. As described in the report, "Leaders are performing well today, both with a clear vision of market direction and by actively building competencies to sustain their leadership position in the market. The comprehensive F&A BPO players in this quadrant generally share superior market understanding, 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."
According to the report, "Gartner defines comprehensive finance and accounting (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 lacing 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.”
Manish Dugar, Sr. Vice President and Global Head, Wipro BPO , said, "We believe that our position in the Leaders Quadrant is testimony to our ability in the seamless delivery of end-to-end Finance and Accounting (F&A) services from multiple global locations. We have been able to leverage our extensive technology capabilities, clearly shaping the vision for the next generation of F&A outsourcing. With the right expertise and blend of talent, tools and methodologies, Wipro BPO has been able to deliver complex programs and consolidate operations, for our customers, to achieve upfront financial benefits. We feel this recognition validates our strategy and the significant investments that we have made in our F&A practice to improve our pipeline and add measurable business value to our clients."
To read the complete report, please go to:
http://www.wipro.com/resource-center/analyst-speak/pdf/MagicQuadrantforglobalF_ABPO.pdf
Wipro has 6000+ dedicated employees delivering end-to-end services across the full spectrum of finance and accounting functions, including procure-to-pay, order-to-cash and record-to-report to support all the functions of the CFO's office.
It operates from 16 centers in 10 countries including Poland, Romania, Brazil, China, Mexico, U.S. and India (Bangalore, Delhi, Chennai, Pune, Hyderabad and Mumbai).Vertical market strengths for F&A BPO include communications, financial services, retail and breweries.
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 has the capabilities to provide onshore, near shore, offshore and hybrid delivery options with operations in more than 28 centers in 11 countries. The services portfolio spans industry specific solutions in Customer Contact center (technical and non-technical; voice and non-voice), Finance and Accounting outsourcing, Human Resource outsourcing, Supply chain management, Knowledge services including Data Management and reporting, Legal process outsourcing, and Sales and Marketing outsourcing
About the Magic Quadrant
The Magic Quadrant is copyrighted June 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” – helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
