BWI: Intelenet Announces Collaboration with Empronc Solution’s Product BAZ as a Platform for Spend Governance and Outsourcing

Press release from Business Wire India
Source: Empronc Solutions
Thursday, January 20, 2011 12:59 PM IST (07:29 AM GMT)
Editors: General: Consumer interest, People; Business: Accounting & management consultancy services, Advertising, PR & marketing, Business services, Financial Analyst, Information technology, Retailers, Telecommunications; Technology
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Intelenet Announces Collaboration with Empronc Solution's Product BAZ as a Platform for Spend Governance and Outsourcing
Large BPO expertise combined with electronic Spend Governance technology provides a potent solution for addressing typical issues around costs, productivity and compliance

Mumbai, Maharashtra, India, Thursday, January 20, 2011 -- (Business Wire India) -- 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.

"The Intelenet 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.

About Intelenet Global Services

Intelenet Global Services is a leading global third party BPO Company that delivers Business Process Outsourcing (BPO) services to Fortune 500 companies in the UK, USA, Australia, Philippines, Mauritius, Guatemala, Poland and India in industries as diverse as banking & finance, insurance, retail, telecom, healthcare, information technology, travel and hospitality. This specialised BPO expertise enables us to cost-effectively align practical solutions with specific outsourcing strategies and needs of our clients.

The Intelenet growth story involves rapid growth from just 25 employees at a single site to over 33,000 employees across 41 locations in India and overseas. Intelenet has built a robust infrastructure consisting of state-of-the-art facilities strategically located throughout globe in less than a decade, making it the second largest employer in the Indian BPO space.

The Blackstone Group

The Blackstone Group is a leading global alternative asset manager and provider of financial advisory services. The Blackstone Group is one of the largest independent alternative asset managers in the world. Its alternative asset management businesses include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt funds, proprietary hedge funds and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement service. Further information is available at http://www.blackstone.com

About Empronc Solutions

Empronc Solutions, headquartered in Mumbai, India was incorporated in 2004 by a group of professionals. The vision has been to build an organization that would compete with the leading business solution product companies globally. BAZ is the flagship innovative product of the company, which addresses the needs of an enterprise with respect to operations, processes, compliance and workflows. The version, BAZ 2.0 is a well-established solution in the area of Spend Governance and Control and has as many as 19 modules in the market.

Empronc has successfully deployed the solutions across ten industry verticals. Empronc Products and Services are geographically spread across 2000+ locations covering a user base of more than 200,000+. The quality focus on product and service deliveries has ensured that the company operates on near 6-sigma quality standard.

For more information please visit www.empronc.com


CONTACT DETAILS
Seema Sheth, Communications Lead,, Empronc Solutions, +91 (22) 61361010 / +91 (22) 61361017, solutions@empronc.com
Naini Roy Choudhury, Intelenet Global Services, +91 9820250939, Naini.c@intelenetglobal.com
Varsha Chawla, Text 100 Public Relations, +91 9820192294, varshac@text100.co.in

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