Wipro Limited (NYSE:WIT), a leading global information
technology, consulting and business process services company, today
announced a partnership with BlackLine Inc., a leader in Enhanced
Finance Controls and Automation (EFCA) software. As part of this
partnership, Wipro will offer BlackLine's platform of financial
software solutions, encompassing Financial Close Management,
Intercompany Hub, Reconciliation Management and Controls Assurance
delivered as a cloud-based service, to finance and accounting
organisations.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20150909005078/en/
The BlackLine Finance Controls & Automation Platform will
assist organisations to remain competitive, reduce risk and
transform their existing finance and accounting departments into
‘Modern Finance’ organisations, by automating key processes and
reducing manual efforts. These solutions will not only bring
efficiency and cost reduction to the finance function of the
organisations, but will also help the CFOs to achieve sustained
benefits through risk reduction and automation of enforced
controls. Complete audit trail, automated task management,
automatic matching and automatic certification functions will also
improve compliance to internal controls and policies, including SOX
compliance.
Wipro and BlackLine will partner in projects and initiatives
with the ultimate goal of delivering value to its clients and
supporting them globally. This will open the doors for the next
generation of finance delivery models for Shared Service Centers or
retained organisations.
“The BlackLine organisation is energized by the synergy and
potential of this global partnership with Wipro,” said Mario
Spanicciati, BlackLine’s Chief Strategy Officer. “Wipro is a
global leader in helping companies leverage innovative and proven
technology to gain competitive advantage. The combination of
Wipro’s practical consulting expertise and global reach with
BlackLine’s leading solutions for automated finance controls and
automation will help drive a tremendous market opportunity for both
companies.”
"The BlackLine suite of finance controls and automation products
provides a clear platform for our client organizations to support
and lead the business improvement and process simplification
objectives for their finance and accounting operations,”
said Tomas Romero, Global Finance & Accounting
Transformation Practice Leader, Consulting Services, Wipro
Ltd. “We believe that this partnership will help drive
change and standardisation across people, processes, data,
technology tools and the quality of financial reporting for our
clients."
"Wipro and BlackLine partnership presents a unique synergy that
will allow clients to leverage the strengths of BlackLine’s
technology coupled with Wipro's experience and capability in
Consulting & Business Process Services to truly transform the
finance function of their organizations," said Venkataraman
Mahadevan, Global Business Head, Corporate Business Services, Wipro
Business Process Services, Wipro Ltd.
Wipro Consulting Services (WCS) is a key differentiator for
Wipro Limited. WCS consults and leads organisational and business
process transformation to improve performance, increase
effectiveness, reduce costs and improve resilience. It introduces
leading-edge practices and offers business advisory, business and
functional transformation, IT consulting, risk and compliance
services to many of the world’s leading organisations, governments
and institutions.
About BlackLine
BlackLine is a leading provider of Enhanced Finance Controls and
Automation (EFCA) software and the only one that offers a unified
cloud platform supporting the entire close-to-disclose process. The
BlackLine Finance Controls and Automation Platform is designed to
help midsize companies and large enterprises strengthen controls,
lower compliance risks and gain greater efficiencies and
visibility. Delivered through a scalable and highly secure cloud
model and built from a single code base, the platform supports many
key accounting and financial processes including the financial
close, account reconciliations, intercompany accounting and
controls assurance, fueling confidence throughout the entire
accounting cycle.
More than 110,000 users across 1,100 companies in over 100
countries currently leverage BlackLine to increase accountant
productivity and elevate controls and compliance functions to
‘Modern Finance’ status, with customers comprising more than 25 of
the Fortune 100 and over 100 of the Fortune 500.
BlackLine complements existing enterprise systems for Corporate
Performance Management, Governance Risk and Compliance and
Enterprise Resource Planning. The BlackLine Financial Close Suite
for SAP® Solutions is an SAP-endorsed business solution, joining
the ranks of fewer than 40 other software offerings. BlackLine also
is an SAP Gold Partner, Oracle Gold Partner, and participates in
the partner programs of NetSuite and several other ERP
providers.
BlackLine global headquarters are in Los Angeles, with offices
in Atlanta, Chicago, London, Melbourne, New York City, Paris,
Sydney and Vancouver. For more information, please visit
www.blackline.com.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology,
Consulting and Business Process Services company that delivers
solutions to enable its clients to do business better. Wipro
delivers winning business outcomes through its deep industry
experience and a 360 degree view of "Business through Technology" -
helping clients create successful and adaptive businesses. A
company recognized globally for its comprehensive portfolio of
services, a practitioner's approach to delivering innovation, and
an organization wide commitment to sustainability, Wipro has a
workforce of over 150,000, serving clients in 175+ cities across 6
continents. For more information, please visit www.wipro.com.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150909005078/en/
BlackLine:KaizoBeth Robertson+44 (0)20 3176
4700Beth.robertson@kaizo.co.ukorWipro:Prathibha Das+91 80
39918073prathibha.das@wipro.com
Wipro (NYSE:WIT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Wipro (NYSE:WIT)
Historical Stock Chart
From Sep 2023 to Sep 2024