NEW YORK, May 19, 2016 /PRNewswire/ -- The Outsourcing Institute today announced that Wipro Limited and WNS Global Services have been named the winners of this year's Best Outsourcing Thought Leadership (BOTL) Awards for Wall Street Tech Innovation. The winners are being recognized at the Wall Street Tech Conference being held May 24, 2016 in New York City.
The Wall Street Tech Innovation BOTL Awards highlight the cutting edge work of providers across the outsourcing industry showcasing industry-leading visionary thought leadership, best practices, and real world use cases that encompass innovation, creativity and results within existing client engagements.
A judging panel of five independent senior sourcing executives and business decision makers from Fortune 1000 enterprises evaluated nominations for the Wall Street Tech Innovation awards based on a scorecard that measured timeliness, overall quality, uniqueness, usefulness and creativity.
Best Practices Thought Leadership - Wipro Limited scored the highest in this category for its best practices thought leadership on cognitive system recommendations for financial institutions besieged by Know Your Customer (KYC) hurdles: "Evoking Super Powers to Solve Super Problems."
Real World Use Case - Innovation – WNS Global Services earned highest marks for its real world case study supporting one of the largest Emergency Medical Associates (EMA) for North America. WNS Global Services reduced the manual intervention required to search relevant information for its client by eight percent, saving 47% of productive man-hours and helping ensure 100% manual search accuracy, improving the gross margin for transaction based billing model and laying the groundwork for the company's adoption of Robotic Process Automation (RPA).
"We are delighted to recognize Wipro Limited and WNS Global Services for their application of disruptive emerging technologies, from cognitive systems to paving the way for the adoption of robotic process automation technologies in their respective award winning submissions," said Dan Goodstein, President, Media & Events, The Outsourcing Institute. "The Outsourcing Institute and the BOTL awards recognize the exemplary efforts of these providers in delivering new services and solutions that accelerate business outcomes, reduce costs, create new revenue and redefine how work gets done."
"Financial institutions increasingly rely on service providers for the execution of complex, business-critical engagements," said Shaji Farooq, President, Banking, Financial Services & Insurance, Wipro Limited. "Wipro has a track record of using technology innovation combined with deep industry insights to address such complex needs - KYC is an excellent example of a business critical need that can benefit greatly from such technovation. Using our state-of-the-art Wipro HOLMES Artificial Intelligence PlatformTM, we have helped our clients transform their KYC function. The benefits of this approach are superior regulatory compliance, cost efficiency, and improved client experience. We are honored to receive this recognition."
"We are pleased to be recognized with the 2016 BOTL Award for developing our client's RPA backbone solution in record time and with measureable results," said Keshav R. Murugesh, Group CEO, WNS Global Services and Chairman, NASSCOM BPM Council, India. "The work that was accomplished facilitates numerous diagnostic, descriptive, predictive & prescriptive analytical solutions for our global clients."
Last year's BOTL award winners included AltexSoft, Luxoft, and Wipro Limited.
The Outsourcing Institute also recognizes industry leaders in Digital BPO (Business Process Outsourcing) Innovations. Companies can submit for the Digital BPO BOTL awards until September 2, 2016.
Winners will be announced at the Fall 2016 Digital BPO Innovations Conference, being held October 6, 2016 in New York City. Nominations can be submitted via this form. To learn more about the awards please visit: oievents.com/botlawards
About The Outsourcing Institute Founded in 1993, The Outsourcing Institute is the largest neutral professional association dedicated solely to technology & outsourcing, comprised of more than 74,000 professionals worldwide and providing information, research, networking opportunities and customized outsourcing solutions to the industry. For more information, contact us at [email protected] or visit us online at www.outsourcing.com.
To learn more about The Outsourcing Institute and the upcoming Wall Street Tech Conference please visit www.oievents.com. The events are complimentary for outsourcing buyers.
SOURCE The Outsourcing Institute