HP Helps Clients Transform Finance and Accounting Processes With New BPO Solution
(Marketwire Via Acquire Media NewsEdge) PALO ALTO, CA -- (Marketwire) -- 02/14/13 --
HP (NYSE: HPQ) -- HP Enterprise Services today announced a new business process outsourcing (BPO) solution, HP AutoFlow, that enables clients to automate core business processes, including finance and accounting, to enhance operational agility.
As business functions become more complex, organizations struggle to maximize efficiencies while maintaining quality and process transparency. At the same time, these complexities often prompt organizations to perform inefficient, time-consuming manual workarounds when responding to and solving issues. Yet, while enterprises are constantly looking for ways to cut costs, they are also aiming to increase the return on investment (ROI) of their enterprise resource planning (ERP) systems.
HP AutoFlow integrates with any ERP platform and is designed to provide a scalable, unified solution that automates and streamlines finance and accounting processes. Utilizing a leveraged, private cloud infrastructure, the solution offers out-of-the-box functionality. HP AutoFlow can be rapidly deployed to support client efforts to:
Reduce the need for manual intervention and shift valuable resources to more strategic projects by increasing automation through improved integration with ERPs and legacy systems. Support enablement of e-invoicing to achieve better invoice accuracy and improve on-time payment performance. Drive process transformation via process-modeling capabilities. Realize improved cost and additional savings by accelerating processing time for accounts payable, thereby increasing opportunities for early payment discounts.
"Today's chief financial officers are plagued with diminishing resources and the growing complexity of processes and technology," said Danila Meirlaen, vice president, Business Process Outsourcing, HP Enterprise Services. "HP AutoFlow builds on our strong history in finance, administration and technology to increase process automation and optimize cost structures, so clients can focus on revenue-generating activities."
HP AutoFlow combines HP's deep BPO experience with the Omniflow workflow solution from leading business process management and enterprise content management provider Newgen Software Technologies. Hosted in a leveraged cloud environment, HP AutoFlow fully integrates with HP Document Processing Services and the HP invoice automation program to enable electronic receipt, document scanning, data capture and document repository services while allowing easy integration into clients' back office systems.
In addition to finance and administration, HP AutoFlow can be used in other business processes such as human resources, procurement, supply chain, master data management, dispute management and financial services.
Pricing and availabilityHP AutoFlow is available immediately worldwide; pricing varies according to client needs and environment.
HP's premier Americas client event, HP Discover, takes place June 11-13 in Las Vegas.
About HPHP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP's businesses; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2012. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2013 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
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