Bangalore, India - November 6, 2015:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced the launch of a 'Travel & Expense (T&E) Management as a Service'' solution, on Microsoft's Azure platform for the B2B segment, with general availability release due in December 2015. The solution will provide accurate, simplified and scalable processes for users, administrators and finance functions across an enterprise.
The Wipro 'T&E Management as a Service' solution will enable organizations across industry sectors to carry out the process of travel-related reimbursement and reporting with ease and scalability. This productized service on Azure is an example of how Wipro can help reimagine core enterprise processes and engineer intuitive services and solutions that provide breakthrough productivity to win in the mobile-first cloud-first world for our customers.
Large organizations with extensive business travel requirements typically have a large team to manage employees' business travel related bookings and reimbursements. The T&E process is a time intensive and complex process with a non-intuitive engagement style that doesn't always adapt to enterprise and user needs.
Wipro's 'T&E Management as a Service' solution will create an intuitive, easy-to-use, cloud-based mobile and web application with enterprise and third party API (Application Program Interface) integration to make this process seamless and efficient. It will provide intuitive performance and insights similar to that offered by popular social apps. The application will allow for easy travel ticketing, accommodation booking and ground transportation booking. Besides the solution will make it simple to capture and report expenses and enable accounting to be better aligned with corporate policies and norms. It will also leverage data analytics on travel patterns for detection of frauds and duplicate claims.
"Wipro believes in innovation that helps businesses achieve better outcomes. With our T&E Management as a Service solution, businesses can achieve up to 60% reduction in total travel & expense management costs and improve the experience for their employees. Microsoft was an exceptional partner in helping us realize our idea," said TK Kurien, Chief Executive Officer and Member of the Board, Wipro Ltd.
"Microsoft and Wipro have been working together closely to bring Wipro's solutions to Microsoft Azure so as to provide trusted solutions to enterprise customers. Wipro's 'Travel & Expense Management as a Service' solution will provide a simple and efficient process to enterprises, leveraging the scale and performance of Azure. It is a great example of a mobile-first cloud-first world application," said Scott Guthrie, Executive Vice President, Cloud & Enterprises business, Microsoft.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro 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 has a workforce of over 150,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.