Infosys BPO Receives 'Provider of the Year' Award
Award conferred on it in the F&A outsourcing category for the second consecutive year
India, June 18, 2008 : Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies, has been awarded the Provider of the Year 2008 award in the Large Enterprise Category by FAO Today. This is the second consecutive win for the company in this category, thus establishing Infosys BPO's thought leadership in the F&A outsourcing space. The other contenders in this category included Genpact, HP, IBM, and Capgemini.
The nominees were selected based on the following criteria:
- Scale of financial volume during the year, in the context of entire industry total volume
- Increase in financial volume during the year, in the context of entire industry increase in volume
- Innovation in service offering
- Operational transparency in the market
The fourth criteria was added keeping in mind the importance of business transparency in a compliance-driven industry.
Amitabh Chaudhry, CEO and MD, Infosys BPO, says: "Infosys is delighted to receive this award for the second consecutive year. We have a robust F&A practice and the ability to deliver F&A services seamlessly from multiple global locations. This, coupled with process excellence and our transformational approach, reinforces our leadership position in the fast-growing FAO segment. This recognition validates our strategy and the significant investments we have made in our F&A practice to add measurable business value to our clients."
According to Elliot Clark, CEO, FAO Today: "For the second time, Infosys BPO is now an industry leader and in our process, the clear winner demonstrating an exciting vision and extraordinary execution capability. The company has clearly established itself as the fastest- growing F&A provider with innovative approaches to deal structuring, technology and implementation."
Last month, Amitabh Chaudhry, Michel de Zeuw and Ritesh Idnani were also declared the FAO Superstars in recognition of the leadership shown in a $ 28 million deal with Philips Electronics, the smooth integration of the employees and in establishing Infosys as the fastest growing F&A provider with innovative approaches to deal with structuring, technology and implementation.