Hexaware Technologies, a leading global provider of Application, Infrastructure, BPS and Digital services announced that it has recently been recognized a Leader in NelsonHall's Vendor Evaluation and Assessment Tool for 'RPA & AI in Banking BPS'.
NelsonHall's vendor Evaluation and Assessment Tool (NEAT) is part of its Speed-to-Source initiative that analyzes the performance of vendors offering RPA and AI services for the banking sector, as a part of their IT services portfolio. The assessment enables sourcing managers to strategically evaluate vendors using a two-axis model: assessing vendors against their 'ability to deliver immediate benefit' to buy-side organizations and their 'ability to meet client future requirements'.
Hexaware was identified as a leader owing in part to its proprietary 'Digital Managed Services (DMS)' service offering and its ability to drive transformation leveraging domain capabilities and a best of breed automation approach.
According to NelsonHall, Hexaware's DMS model takes on the entire digital transformation process, accepting the risk of implementing RPA while providing cost benefits to clients from the outset. To further strengthen its RPA focus, the company has aggressively partnered with four leading automation tool vendors that places it in a stronger position to address a wide range of automation scenarios and promotes innovation.
"Hexaware is a leader in RPA and AI services capability for banking due to its proprietary DMS methodology, which it uses to develop a roadmap for transformation, take over a process, and implement cost savings and efficiency measures," said Andy Efstathiou, Research Director at NelsonHall and author of the report. "By using DMS, Hexaware is able to guarantee target state pricing from the start of the relationship."
"We are proud to be recognized as a Leader in NelsonHall's RPA and AI in Banking NEAT evaluation report," said Chinmoy Banerjee, Executive Vice President and Global Head - BPS, Hexaware Technologies. "This recognition validates our global banking BPS market position and reiterates our commitment to intelligent automation focused disruption and focus on the Banking & Financial services sector. It further confirms that our DMS framework is able to Industrialize RPA implementations and provide upfront benefits to the customers."
NelsonHall is the leading global BPS and ITS research and analysis firm which takes a global approach to analysis of vendors and outsourcing markets and is widely respected for the quality and depth of its research.