Infosys successfully deploys SFS Program for SITA

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Infosys successfully deploys SFS Program for SITA 
Infosys(NYSE:INFY) has announced that it has successfully delivered a Strategic Financial Systems (SFS) program for SITA. The award-winning SFS program is one of the most geographically complex ERP-enabled finance transformations ever undertaken.

Designed by the 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.

SITA expects the SFS program will deliver, in excess of 20 per cent, 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.

Prasad Thrikutam, Global Head of Energy, Communications and Services, Infosys, said, “The establishment of world-class financial systems and processes will help SITA improve its day-to-day operations and provide its management with information to make faster and better decisions. It will help SITA deliver tangible business value to its customers and member shareholders across the air transport industry.”

The success of this unprecedented global initiative has been recognized with Oracle Corporation awarding SITA an "Excellence Award - oracle Fusion Middleware Innovation for Business Analytics" at its annual Oracle OpenWorld Conference in 2013.........See More

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