Infosys BPO Selected by AkzoNobel to Transform its Finance & Accounting Processes

BANGALORE, India - Sept. 12, 2013 - PRLog -- Bangalore-September 12, 2013: Infosys BPO today announced that it has been selected by AkzoNobel, a leading global paint and coatings company and a major producer of specialty chemicals, to transform their finance and accounting (F&A) processes to deliver higher
operational efficiencies and performance. Infosys BPO will play a key role in accelerating AkzoNobel’s finance transformation program a
nd streamline accompanying operations for AkzoNobel’s decorative business in over 30 countries across Europe, the Middle East and
Africa.
News Highlights
Infosys BPO will consolidate the F&A processes at AkzoNobel. They will leverage proven business process management & technology solutions to accelerate operational efficiencies, improve controls and drive optimization.
Infosys BPO will deliver the services out of its global delivery centers in Poland and India, in multiple European languages including Dutch, English, French, German, Italian, Spanish and Swedish.
This win reiterates Infosys BPO’s leading credentials in the
complex global F&A transformation market globally and in Europe.
Quotes
Hans De Vriese, Corporate Director Control AkzoNobel:
“In our challenging business environment, AkzoNobel needs to deliver leading performance. Our business expects Finance to deliver high quality services more efficiently, and our goal is to concentrate our Finance transaction processing into a shared services model. Infosys was selected by AkzoNobel to accelerate this change, to provide their broad knowledge and experience in our transformation program, and to partner with AkzoNobel in achieving best in class performance.”
Gautam Thakkar, Chief Executive Officer and Managing Director, Infosys BPO:
“To succeed in a dynamic business environment, organizations like AkzoNobel need to be focused on their core business. They are looking to partner with experts to manage the supporting operations needed to keep their business running smoothly. Infosys BPO will put into play the deep knowledge and wide experience of managing finance and accounting processes for leading organizations globally to support AkzoNobel in transforming their existing processes to realize enhanced business value.”
About AkzoNobel
AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes
well-known brands such as Dulux, Sikkens, International and Eka. He
adquartered in Amsterdam, the Netherlands, we are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 50,000 people around the world are committed to delivering leading products and technologies to meet the growing demands of our fast- changing world. www.akzonobel.com

About Infosys
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable
clients, in more than 30 countries, to stay a step ahead of emerging business trends and
outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence. Visit www.infosys.com to see how Infosys , with $7.4B in annual revenues and 155,000+ employees, is Building Tomorrow's Enterprise today.
About Infosys BPO
Infosys BPO Ltd. (www.infosysbpo.com), the business process outsourcing subsidiary of Infosys Ltd., was set up in April 2002. Infosys BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its cli
ents through reduced costs, ongoing productivity improvements, and process reengineering. Infosys BPO operates in India, Poland, the Czech Republic, the Netherlands, South Africa, Brazil, Mexico, Costa Rica, the United
States, China, the Philippines, Japan and Australia, and as of June 30, 2013, employed 27,491
people. It closed FY 2012-13 with revenues of $583.1 million.
Safe Harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements, 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 pr
operty 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, 2013 and on Form 6-K for the quarter ended June 30, 2013. These filings are available at
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. 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 more information visit: http://www.infosys.com/newsroom/press-releases/Pages/finance-accounting-processes.aspx
For more information, contact
Sarin Menoky
InfosysBPO
Phone: +91 9972585052
sarin_menoky@infosys.com
Chaitali Pishay
The Practice
Phone: +91 9379917540
chaitali@the-practice.net