BANGALORE, November 14, 2016 /PRNewswire/ --
Multi-step Upgrade Will Enable Modern Self-service, Better Integration, Improved Security and Productivity
Infosys (NYSE: INFY), a leader in consulting, technology, and next-generation services, today announced the deployment of an upgraded human resource management and payroll system for the Council of Europe. The rollout is part of a 10 year on-going partnership, with Infosys managing and customizing the complex HR system for the Strasbourg-based leading international human rights organisation. Infosys will also support the new system for the next three years.
The Oracle's PeopleSoft-based integrated HR and payroll system, which serves over 2,500 employees will streamline business processes and boost productivity.
- Infosys deployed Oracle's PeopleSoft Human Capital Management 9.2, integrated with the existing payroll system, as part of the upgrade
- Substantial reductions in payroll execution times, down from 10 hours to just 22 minutes. Combined with other global payroll process optimisation such as payroll and accounting, delivering over 200 hours a month in time savings
- The revamped platform delivers upgrades to the following capabilities: Core HR, Global Payroll, Absence Management, Administer Training, Base Benefits, Health & Safety and Company Car Entitlement. It is further supported by five additional custom bolt-on modules to support the bespoke needs of the Council of Europe and the employment laws it deals with
- Payroll management has been overhauled, with more than 1,000 complex earnings and deductions business rules retro-fitted and re-written
- The new system provides a better user experience, with improved self-service capabilities based on custom interfaces and workflows built by Infosys
Francis Dangel, Director (a.i), Council of Europe:
"Over the last decade we have developed a high level of trust with Infosys. They won an international call for tender to take on this significant 18-month project. In our everyday work, we are focused on protecting human rights, the rule of law and democracy in Europe. A partner like Infosys allows us to focus on this important task while continuing to provide us with the best systems for our unique situation."
Rajesh Krishnamurthy, President and Global Head, Energy, Utilities, Telecommunications and Services and Head of Europe, Infosys:
"A decade ago, the Council of Europe was one of our first major engagements in the public sector in Europe. While improving HR management was important then, this major renewal of their HR and payroll system comes at a time when all public sector bodies need to find ways to increase efficiency. This migration to a new system will give the Council an improved HR system and improve productivity."
Infosys is a global leader in technology services and consulting. We enable clients in more than 50 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 190,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, 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 earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect 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, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2016. These filings are available at http://www.sec.gov. Infosys 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. In addition, please note that the date of this press release is November 14, 2016, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
For further information, please contact:
+91 80 4156 3998
Paul de Lara
Pilar Elvira Wolfsteller
+1 (510) 944 4596