Infosys join hands with SITA
Source: IRIS | 25 Mar, 2014, 03.29PM
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Rating: NAN / 5 stars. |
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Infosys announced that it has delivered a Strategic Financial Systems (SFS) program for SITA, one of the air transport communications and IT solutions.
Designed by Infosys and SITA's SFS program team, and enabled by Oracle E-Business Suite 12.1, SFS can efficiently process accounting transactions for 310 legal entities worldwide operating in 125 currencies with a globally distributed user base of 4,500 people, and support the filing of tax returns in over 150 countries worldwide, the company said. SITA expects the SFS program will deliver, in excess of 20%, direct operational savings and efficiencies within the finance function over four years. It has laid a strong foundation to help SITA improve the service and business value delivered to internal customers and member shareholders globally. Shares of the company declined Rs 21.35, or 0.65%, to trade at Rs 3,252.70. The total volume of shares traded was 28,150 at the BSE (3.15 p.m., Tuesday).
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