Bangalore, India - October 5, 2011:
Wipro Technologies, the Global Consulting, IT Services and Outsourcing business of Wipro Limited (NYSE: WIT) today announced that it is implementing latest the Oracle Financial suite (12.1.3) of products for UGI Utilities Inc., a natural gas and electric utility company, a wholly-owned subsidiary of UGI Corporation, based in the United States. The solution helps UGI Utilities streamline financial processes, update latest compliance mandates and create agile IT systems, to effectively support their new business processes.
"Financial processes have to continuously evolve to align with changing business requirements and compliance mandates. An in-depth insight into our financial performance and effective management of Risk and Compliance is key to retaining our competitive edge. The planned upgrade to the latest Oracle Financial Suite will provide the flexibility and agility to align our processes to new business requirements. We are very pleased to be working with Wipro in this upgrade project and the progress we are making. In Wipro we have a partner who understands our industry and has proven expertise across the various modules of this suite. We are working jointly to implement a robust and cost effective solution for UGI", said Richard Myers, Oracle Upgrade Project Manager, UGI Utilities.
Wipro's proprietary and proven upgrade methodology, process templates and tools ensure predictability of success and seamless alignment of pre and post upgrade audits of the financial systems. Wipro offers 'Easy-Upgrade' solution as part of its overall Oracle application offerings helping customer organizations evaluate their current Oracle landscape, plan for the future and implement upgrades. Wipro estimates its 'Easy-Upgrade' solution can deliver up-to 40% reduction in assessment costs for organizations looking to embrace Oracle E-Business Suite - R12 or Oracle Fusion Applications.
"We are very excited to have engaged with UGI in their plans to implement Oracle Financial Services suite aligning to their new robust financial processes. Our proven expertise in implementation of large complex financial services projects and experience in managing Oracle Financial solutions is very useful in enabling seamless transition to new systems. Wipro's robust upgrade methodologies and processes will significantly expedite implementation at a reduced TCO for the customer. UGI has been at the forefront of driving high financial process standards and we are privileged to be associated with them," said Srini Pallia, Senior Vice President & Global Head, Business Application Services, Wipro Technologies.
This project implementing the Oracle Financial suite (12.1.3) will incorporate unique features into the financial applications – such as simplification of intercompany transactions among others. Wipro's 'Easy-Upgrade' solution for Oracle E-Business Suite will make the transition to upgraded applications a lot more predictable, efficient and cost effective.
"Wipro has continuously developed innovative solutions to help our clients drive faster business process improvement and operational productivity to maximize business value of Oracle Applications. Our success in leveraging proprietary solutions and accelerators like 'Easy-Upgrade' solution to speed implementation and reduce TCO is testimony of Wipro's constant endeavor to proactively support our customer's strategic requirements", added Srini Pallia.
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
About UGI Utilities
UGI Utilities, Inc., a natural gas and electric utility, is a wholly-owned subsidiary of UGI Corporation, based in the United States. UGI Utilities, Inc., has headquarters in Reading and serves nearly 630,000 customers in northern, central and eastern Pennsylvania. Additional information about UGI is available online at www.ugi.com.
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