Large BPO expertise combined with electronic Spend Governance technology provides a potent solution for addressing typical issues around costs, productivity and compliance
Intelenet Global Services (Intelenet), the leading global BPO service provider, today announced its collaboration with the Mumbai headquartered Empronc Solutions. The real time Enterprise Spend Governance solution BAZ, provided through this collaboration is a unique outsourcing opportunity using a robust spend management framework. The solution effectively streamlines the entire spend process from initiation to payment, for practically every spend area.
"The combination of world class business processes and robust Enterprise Spend process management software is an efficacious tool for the industry. The two teams have worked together for the last one year so as to make the implementation simple for the end customer and to deliver a very high degree of Spend Governance in transaction processing. This would be a SaaS offering or can be hosted at the customer end." said Ram Panickar, CFO Intelenet Global Services
The solution addresses the typical high volume transaction areas pertaining to indirect spend categories, travel, employee reimbursements, petty cash, purchases, projects and contracts. These areas experience the highest transaction volumes and paper work. They are considered to be high-risk areas for governance and productivity leakages. The software control parameters allow excellent visibility to the client, even as processing happens in an outsourced location.
“Intelenet’s reach combined with the BAZ Enterprise Product will be a big boon for the decision makers in organizations wanting to be productive, ‘greener’ and on top of their Spend Governance. The solution seamlessly integrates with any existing financial system and works well with or without an ERP deployment.” added Jayant Dwivedy, CEO, Empronc Solutions.
