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Wipro and ProcessMaker partner to enable efficient workflow management for customers

Posted On: 2020-09-13 19:40:29


Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company and ProcessMaker, a US-based software company and low-code workflow automation platform, today announced a partnership for delivering innovative workflow management to Wipro's customers in Latin America.

This collaboration will leverage Wipro's proprietary technology platform iCaaS (Intelligent Content as a Service) along with ProcessMaker's Workflow automation platform to deliver Cognitive Content Automation solutions to customers.

These solutions will enable 'paperless' streamlined and efficient document processing while lowering the overall cost of operations. It will digitize and automate complex business processes including KYC verification, account opening for financial services, invoicing and payments, supply chain visibility and vendor onboarding for small businesses among others. Using these solutions, business users, technology organizations, and line of business (LOB) managers will be able to accelerate their customers' digital journey. The solutions will be offered first to customers in the telecommunications, financial services, insurance and retail sectors before expanding to other industries.

Mukund Seetharaman, Vice President and Geography Head for Latin America, Wipro Limited said, "At a time when industries are going through unprecedented disruptions and digital transformation is at the core of enterprise success, we believe that digital-native solutions will be a game changer for our customers. This partnership is a strategic step towards accelerating our customers' digital transformation journey with business solutions delivered locally in the LATAM region."

Brian Reale, Chief Executive Officer, ProcessMaker said, "A huge part of our growth strategy in 2020 focuses on expanding our partner ecosystem to make our platform accessible to help organizations rapidly adapt to the current climate change caused by COVID-19 by truly embracing, and in many cases accelerating digital transformation. Our partnership with Wipro is a major milestone in our strategy and further strengthens the foundation of our growing partner ecosystem and the availability of our platform in new and expanding markets."

Wipro has a significant presence in Latin America with offices across five countries in the region - Argentina, Brazil, Chile, Colombia, and Mexico. The company has been delivering value for over a decade bringing the best of its global experience to the local market and becoming a partner of choice as an end-to-end IT services provider. Wipro has some of the region's largest enterprises as its clients and is expanding its presence in the country's Banking, Financial Services, Energy, Mining, Consumer, Retail and Manufacturing industries.

Shares of WIPRO LTD. was last trading in BSE at Rs.293.05 as compared to the previous close of Rs. 284.95. The total number of shares traded during the day was 1548857 in over 21060 trades.

The stock hit an intraday high of Rs. 298.3 and intraday low of 282.65. The net turnover during the day was Rs. 454428522.


Source: Equity Bulls

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