Wipro Positioned as a ‘Major Contender and a Star Performer' in Everest Group Procurement Outsourcing (PO) – Services PEAK Matrix® Assessment 2023

In this report, Everest Group has analysed 23 global PO service providers, and Wipro is proud to be named a Major Contender and a Star Performer for the second consecutive year. 

“Wipro’s good growth through new deal wins and scope expansion on the back of its enhanced digital and domain capabilities to support clients across the procurement value chain, especially in strategic upstream processes helped it strengthen its position as a Major Contender in Everest Group’s 2023 Procurement Outsourcing (PO) Services PEAK Matrix® Assessment and achieve a Star Performer recognition,” said Vignesh Kannan, Vice President, Everest Group.

“It has significantly enhanced its S2P platform, CnNXT, comprising of modular solutions across both downstream and upstream procurement operations, by integrating its in-house as well as third-party solutions to enable end-to-end digital transformation for its clients. Wipro offers good flexibility to its clients through its modular offerings, contextualized services, and commercial constructs aligned to specific client requirements.”

Everest Group has called out the following points as Wipro’s key strengths:

• Wipro serves clients through its solutions across the entire procurement value chain. It leverages a design thinking-led approach with a digital-first model to identify operational inefficiencies and drive experience-led procurement transformation for clients.
• It continues to invest in CnNXT, its modular platform focused on downstream procurement operations.
• Wipro integrates its in-house and partnership solutions across different modules – Order (assisted buying, requisition/PO management), Vendor (supplier management and collaboration), Finance (accounts payables), and Source (sourcing and contracting support)
• Wipro’s acquisitions have enhanced its ability to improve experiences through a design-thinking approach (Designit) and drive consulting-led digital transformation (Capco).
• It has a Procurement Domain Academy to train, certify, and upskill its talent. Its digitalized knowledge management suite, Harmony, comprises process best practices and benchmarks.