East Brunswick, New Jersey, USA and Bangalore, India – December 13, 2019:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that its Wipro Promax Analytics Solutions (Wipro Promax) suite has achieved the best-in-class distinction for Trade Promotion (TPx) capabilities in Promotion Optimization Institute’s (POI) recently published ‘POI TPx Vendor Panorama 2019’ report.
The report focuses on technologies that enable best-in-class planning and execution of sales and promotion strategy. It aims to help consumer packaged goods (CPG) companies understand better the management of trade promotion capabilities by leveraging enabling technologies to enhance trading partner relationships and drive profitability. It assesses 16 vendors in various categories including TPM functionality, TPO completeness, user experience, analytical capabilities, product vision and configurability. Wipro Promax received the best-in-class ranking in three categories, Desktop UX, Post Event Analytics, and Remote Promotion Monitoring.
Wipro Promax provides complete promotion planning, execution, management, tracking, and optimization capabilities that are highly automated. It has been delivering business value to leading CPG companies across multiple geographies over the last three decades. The solution has helped leading organisations achieve greater returns over their trade investments, transform consumer experience and improve customer loyalty.
Srini Pallia, President, Consumer Business Unit, Wipro Limited said, “We are honoured with this recognition. Wipro realizes its customers’ focus on improving the ROI of their trade spend and provides innovative solutions. Our Wipro Promax offering leverages latest innovations in AI and ML technologies to deliver actionable insights and equip customers with predictive planning capabilities through an intuitive user experience. Wipro’s recently launched Auto Claims solution built on Wipro HOLMESTM AI and automation platform complements Wipro Promax and third party TPM offerings. It helps customers gain greater accuracy, speed and reduced administration cost for processing claims. We are confident that our continued investments in Wipro Promax will drive superior end-user experience, operational efficiency and profitability for our customers.”
Pam Brown, Chief Commercial Officer, Promotion Optimization Institute said, “Wipro offers a great combination of global support and services in the areas of data management, data science, analytics, or consulting, along with multiple delivery options and a good quality holistic planning tool (TPM/TPO/ROI) in a single platform. The company has recently upgraded the UX and analytics aspects of the platform positioning themselves as a global competitor in this space. Wipro, is one of the few vendors that enable top down and bottom up planning. Using the budgeting functionality, business targets are distributed to planning accounts, and then validated against optimized plans. In addition, Wipro also offers data management and data science resources, which are foundational and critical to accurate optimization results.”
The complete report can be accessed here.
About Wipro Promax Analytics Solutions
Wipro Promax Analytics Solutions, a key component of Wipro Limited’s Revenue Growth Management (RGM) offerings, has delivered efficient Trade Promotion Management (TPM) and Trade Promotion Optimization (TPO) solutions for three decades to global markets of all maturity levels. We ensure that our clients achieve the highest return on investment for their promotions and collaboratively maximize trade spend profitability with their retail partners. Wipro’s Promax Optimize (a bolt-on TPO solution to any TPM system for predictive promotion planning) provides the necessary AI to drive RGM strategies related to pricing and promotions. Wipro’s Promax Advanced (end-to-end trade promotion management and optimization solution) provides the tools necessary to seamlessly execute developed RGM strategies. The Wipro Promax Analytics solutions can be deployed both, on premise, or on cloud. We offer a full suite of complementary services around trade promotions that include data management, analytics as a service, data science as a service, system integration, consulting, solution deployment, and support. With an expanding portfolio of IPs, partner solutions and Wipro services we are comprehensively addressing the business needs of our customers across RGM’s key levers.
To know more about how Wipro helps CPG industry leaders do business better, please visit https://www.wipro.com/consumer-packaged-goods/wipro-promax/
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 175,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
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.