Wipro partners with Chesapeake System Solution
Wipro has partnered with Chesapeake System Solution, a provider of financial solutions. As part of the association Wipro will be responsible in providing Chesapeake’s suite of financial software solutions, which includes, Reconciliation Management and Balance Sheet Integrity (T-Recs® Enterprise), Treasury & Cash Management and Bank Payment Management (SmartTreasury® and SmartAnalysis®) as both a cloud-based ASP service and as an in-house licenced software platform.
These solutions will help the financial controller organizations in reducing the manual effort involved in generating balance sheet Reconciliations. This will further reduce the cost and will also introduce efficiency in the work process.
Speaking about this, Peter C. Vogelberger, Chesapeake President and CEO, said, “We see a huge demand for finance organisations that want a ‘one-stop shop’ for our suite of products, which deliver tangible cost and cash benefits in transactional finance, treasury and working capital. Wipro’s deep advisory and BPO expertise in finance and IT change will enable us to work together and deliver successful outcomes for our customers and prospective customers on a global scale. We look forward to maintaining a long and mutually beneficial relationship with Wipro.”
On the other hand, Manoj Jaiswal, Vice President & Business Head, Corporate Business Services, Wipro Ltd, said “We believe that our global delivery model and expertise, along with the T-Recs solution’s capabilities, will enable us to address the growing need for process simplification in the areas of Balance Sheet Reconciliations and Treasury”.