Infosys Helps Manage and Execute SAP ERP Financials Solution Implementation to Streamline Processes and Reduce Costs
Fremont, California - February 16, 2010
Infosys Technologies Limited (NASDAQ: INFY) today announced that it has assisted with the successful implementation of SAP Financials software at United Stationers to streamline finance business processes and reduce operating costs. In working closely with one of North America's leading broad line wholesale distributors of business products, Infosys helped manage and execute the SAP implementation from business case development, blueprinting, testing and roll-out.
"When selecting our integration partner, we not only looked for efficiency, experience and domain expertise, but also assurance and predictability that our business milestones would be met on time and within budget," said Ken Nickel, vice president, controller and chief accounting officer, United Stationers. "Infosys has helped deliver a financial platform that has integrated our financial information allowing us to streamline business processes."
As a result of the systems upgrade, United Stationers effectively implemented a centralized financial platform enabling it to manage its General Ledger, Accounts Payable, Accounts Receivable, Credit Management, Collection/Disputes Management, Controlling and Consolidation functions from a single instance of SAP.
"Infosys is committed to helping industry leaders like United Stationers," said Larry Danna, associate vice president for retail, consumer packaged goods and logistics at Infosys Technologies. "With extensive large SAP-led transformation experience in consumer packaged goods, retail, and logistics, Infosys is well-equipped to assist companies streamline their financial and accounting business processes and platforms, enable tighter data and process integration across the enterprise, and drive the realization of tangible economic business value."
United Stationers Inc. is a leading wholesale distributor of business products, with 2009 net sales of approximately $4.7 billion. The company stocks approximately 100,000 items, including technology products, traditional office products, janitorial and break room supplies, office furniture, and industrial supplies. A network of 64 distribution centers allows it to deliver these products to over 25,000 reseller customers. This network, combined with United’s depth and breadth of inventory, enables the company to ship most products overnight to more than 90% of the U.S. and major cities in Mexico. For more information, visit www.unitedstationers.com .
United Stationers' common stock trades on the NASDAQ Global Select Market under the symbol USTR.
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 109,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com.
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2009, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
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