HCL AXON, a wholly owned subsidiary of HCL Technologies and global pioneer in leveraging leading technologies to drive value realization, today announced that the company was cited as a leader in the April 2011 Forrester Research, Inc. report The Forrester WaveT: SAP Services Providers, Q2 2011. HCL AXON was among a group of nineteen vendors that Forrester evaluated on 65 criteria based on current offerings, strategy and market presence.
According to the Forrester report,"HCL has long had a focus on operational and low-cost services in the SAP space. However, its 2008 acquisition of Axon makes it a compelling option for the full life cycle of implementation services starting with upfront strategy and transformational consulting through to the technical implementation and ongoing support. Key areas of industry focus include utilities, public sector, aerospace, and travel and logistics."
HCL AXON was also rated a 5 out of 5 in the Forrester report for overall client satisfaction. "Certainly one of the most telling statistics of a successful customer relationship the customer satisfaction score. We believe we consistently score high in this area because we bring highly qualified consultants, we keep our commitments, and we deliver real business results to our customers," said Steve Cardell, President of HCL AXON.
"We feel that to be deemed a leader in Forrester's SAP Service Providers research is a significant achievement for the AXON team, we are especially proud of our positioning in the leaders category," Steve continued. "In the mature and rapidly evolving SAP market, we are changing the dynamics of service delivery through outcome-based contracts, and are fully committed to transparent and mutually beneficial relationships with our customers."
HCL AXON offers full SAP lifecycle services including Business Consulting, Solutions Implementation, Application Management, and Integration Services. The integrated global SAP services force is focused on improving customers' performance through the delivery of cost reduction programs, business process improvement, shared service centers, top-down information strategies, executive coaching and leadership development. The combination of AXON's strong transformation, process consulting and implementation capabilities and HCL's proven application and infrastructure capabilities allows HCL AXON to address complex business issues faced by large organizations.
About HCL Technologies
HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on 'transformational outsourcing', underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 26 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of 'Employee First' which empowers our 73,420 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 3.3 billion (Rs. 15,160 crores), as on 31 March 2011 (on LTM basis).
About HCL AXON
HCL AXON, a division of HCL Technologies, is a Business Transformation consultancy that delivers significant value to large, complex organizations through the innovative implementation and support of enterprise applications. HCL AXON has over 7,500 of the industry's most experienced professionals specializing in the delivery of sustained business improvement through technology enabled transformation programs. HCL AXON's consultants bring in-depth industry expertise alongside best practice functional knowledge to address the strategic, operational, information management and organizational effectiveness challenges faced by organizations today. HCL AXON is renowned for its global ability to help clients define more ambitious strategies, build more effective organizations and shape more successful futures.
About HCL
HCL is a $5.9 billion leading global technology and IT enterprise comprising two companies listed in India - HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups. A pioneer of modern computing, HCL is a global transformational enterprise today. Its range of offerings includes product engineering, custom & package applications, BPO, IT infrastructure services, IT hardware, systems integration, and distribution of information and communications technology (ICT) products across a wide range of focused industry verticals. The HCL team consists of over 80,000 professionals of diverse nationalities, who operate from 31 countries including over 500 points of presence in India. HCL has partnerships with several leading global 1000 firms, including leading IT and technology firms.
Showing posts with label Axon. Show all posts
Showing posts with label Axon. Show all posts
Friday, May 20, 2011
Tuesday, October 27, 2009
SADIF Analytics Releases New Summary Due Diligence Report for Axon Group PLC
SADIF Investment Analytics, announces a new summary due diligence report covering Axon Group PLC (AXO). The report uses SADIF's powerful StockMarks™ stock rating system and contains important analysis for any current or potential Axon Group PLC investor.
Report Summary: Axon Group PLC is a below average quality company with a neutral outlook. Axon Group PLC has weak business growth and is run by passable management. When compared to its closest peer, AVEVA Group plc, Axon Group PLC shows greater overvaluation and is equally likely to underperform the market.
The 8-page report breaks down the Total StockMark into its three components – business, management and price, performing an in-depth analysis of Axon Group PLC for long-term investors.
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com, Thomson Research and Capital IQ or directly from SADIF-Investment Analytics at:
www.sadifanalytics.com/stockmarks/company.php?tickerr=AXO&cod_co ..
About SADIF-Investment Analytics
SADIF-Investment Analytics is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
Report Summary: Axon Group PLC is a below average quality company with a neutral outlook. Axon Group PLC has weak business growth and is run by passable management. When compared to its closest peer, AVEVA Group plc, Axon Group PLC shows greater overvaluation and is equally likely to underperform the market.
The 8-page report breaks down the Total StockMark into its three components – business, management and price, performing an in-depth analysis of Axon Group PLC for long-term investors.
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com, Thomson Research and Capital IQ or directly from SADIF-Investment Analytics at:
www.sadifanalytics.com/stockmarks/company.php?tickerr=AXO&cod_co ..
About SADIF-Investment Analytics
SADIF-Investment Analytics is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
Wednesday, July 22, 2009
HCL Axon acquires UCS's SAP business
HCL Axon, a division of Indian IT services vendor HCL Technologies, has acquired the Enterprise Solutions SAP practice of South Africa-based UCS Group for $7.7m.
HCL said the acquired practice has 67 employees and offers Tier 1 retail and wholesale SAP project implementations.
The total deal value could go up to $18.5m, according to Ram Krishna, vice president and head of enterprise business a HCL Technologies, who said UCS will receive additional annual payments of between $2m and $6.5m from HCL by July end 2011 if the business meets certain revenue targets.
Steve Cardell, president at HCL Axon, said: "We have a stated strategy to bring strong customer-focused vertical propositions and have identified the retail market as a major opportunity. Completing this partnership accelerates our ability to offer the market a combination of extensive SAP IS retail capability and track record which coupled with our own retail experience creates a compelling customer proposition."
HCL said the acquired practice has 67 employees and offers Tier 1 retail and wholesale SAP project implementations.
The total deal value could go up to $18.5m, according to Ram Krishna, vice president and head of enterprise business a HCL Technologies, who said UCS will receive additional annual payments of between $2m and $6.5m from HCL by July end 2011 if the business meets certain revenue targets.
Steve Cardell, president at HCL Axon, said: "We have a stated strategy to bring strong customer-focused vertical propositions and have identified the retail market as a major opportunity. Completing this partnership accelerates our ability to offer the market a combination of extensive SAP IS retail capability and track record which coupled with our own retail experience creates a compelling customer proposition."
Thursday, April 9, 2009
SAP Creates Cash Flow Transparency for ICW Group Insurance Companies During Economic Crisis
SAP AG (NYSE: SAP) today announced that ICW Group Insurance Companies is now operating the SAP(R) ERP Financials solution to drive enterprise-wide efficiencies on a single, integrated system laying the foundation for financial excellence. Capitalizing on the early success of its recent SAP deployment, as well as its existing deployment of SAP(R) BusinessObjects(TM) business intelligence (BI) solutions and information management (IM) solutions, ICW Group was able to glean real-time visibility of its cash flow and reduced its general ledger accounts from 6,800 to 800. ICW Group will next implement insurance-specific solutions from SAP for claims, with 'collections and disbursements' creating an end-to-end IT infrastructure to better meet customer needs and drive competitive advantage.
"When the financial crisis hit we knew it was of utmost importance to continue our implementation of SAP to gain full cash flow transparency and create an edge over the competition," said Michael Freet, senior vice president and CFO, ICW Group. "The success we achieved immediately after going live with SAP is a true testament to the power and user-friendly attributes of the solution. We now have an integrated and flexible IT roadmap in place that allows us to remain competitive during the recession and be prepared for growth opportunities during the recovery."
As an innovative insurance company licensed in all 50 states, ICW Group offers a broad range of insurance products that include auto, workers' compensation, catastrophe, commercial property and surety. Previously, ICW Group had a number of disparate legacy systems that were not scalable. As they began to grow and diversify, ICW Group needed one trusted version of their business data that could be easily disseminated to employees, regulators and agents. The company selected SAP BusinessObjects IM and BI solutions to consolidate and cleanse data, as well as deliver actionable reports to improve visibility across the organization. ICW Group relies on SAP BusinessObjects to replace gut-feel and spreadsheets with timely and reliable data for better decisions making, including support for predictive analytics, which enables precise pricing for insurance policies.
ICW Group selected HCL AXON as its implementation partner to replace its financial management software. HCL AXON team members worked closely with ICW over a four month period, and together drove a smooth and efficient transition of the Group's systems and data, as well as supporting employee communications and training.
With advanced technology from SAP, ICW Group employees now have more time to move up the curve and focus as a true financial advisory resource for driving enterprise strategy and growth. Many manual and spreadsheet processes have been automated in SAP software, freeing valuable hours to conduct financial analysis, planning and monitoring. The new and more detailed information captured in SAP software provides both accounting and business leaders more timely access to information. In addition, each ICW Group line-of-business can also work more efficiently by accessing real-time facts and figures to enhance departmental decision- making. All of this lays the foundation for more efficient financial operations, as it allows ICW Group's CFO to focus on being a strategic advisor to the business, instead of allocating time against secondary tasks that ICW Group's previous financial systems could not support.
Last year ICW Group selected the SAP ERP Financials solution and insurance solutions for claims management and 'collections and disbursements' (see "ICW Group Turns to for Improved Claims and Billing Processes"). The deployment of SAP software has already provided ICW with early benefits:
* Increased data granularity when compared to legacy systems. Operational data is now seamlessly integrated with the general ledger to a much greater degree of detail.
* Elimination of database management activities by financial professionals.
* Ability to rapidly analyze the financial and operational data.
* Increased efficiency through access to--and analysis of--real-time financial data.
"Because of its aspirations of growth and the commitment to its customers and employees, ICW Group is an inspiration at a time of uncertainty," said Richard Daukant, senior vice president, Financial Services North America, SAP AG. "Having realized that the existence of its multiple products and applications across the claims, billing and financials areas was creating too much work based on the level of complexity of those products and applications, ICW Group knew it needed to complete deployment of an integrated and scalable system to create the financial backbone for effectively supporting its insurance needs. With the insight and tools provided by SAP, the Group can now close the gap between its business strategy and everyday execution."
Having an end-to-end platform with SAP's flagship enterprise resource planning (ERP) application, SAP(R) ERP and SAP BusinessObjects BI solutions, ICW Group's new analytics solution is the foundation of its financial statements. ICW Group can generate its financial results fast and have the visibility needed to base business decisions on facts. Joining the SAP solutions and SAP BusinessObjects solutions on an integrated platform will allow ICW Group to use market-leading reporting, analytics and dashboards to better evaluate and manage credit, market and operational risk. Improved insight will enable the Group to plan by taking risk into account, while at the same time giving it the opportunity to monitor and remediate internal controls across all its systems.
When asked about the successful go-live at ICW Group, Ian Greenhalgh, SVP of Sales and Marketing for HCL AXON in the Americas, said, "We are delighted to be a part of ICW Group's successful financials go-live and look forward to working with them to delivering benefits as we continue to roll-out the SAP platform into key operational areas of the business."
Now that ICW Group's financials are operating on an integrated platform, it is currently implementing SAP(R) Claims Management and SAP(R) Insurance Collections and Disbursements applications, which it plans to have implemented in the third quarter. With claims software from SAP, ICW Group plans to accelerate cash flow, optimize reserves, reduce leakage and ensure efficient processing, allowing customers access to easier methods for processing their claims and quicker response times and payments. Collections and disbursements software will help ICW Group consolidate systems and manage payments, billing and receivables, improving the reconciliation process while enhancing customer service.
About ICW Group
Privately held ICW Group represents a group of multi-line property and casualty insurance carriers providing workers' compensation, surety, commercial property, DIC and personal and business auto insurance. Its member companies consist of Insurance Company of the West, Explorer Insurance Company and Independence Casualty and Surety. Based in San Diego, Calif., ICW Group continues to transform itself into an insurance industry leader dedicated to meeting the needs of its agents and the people and companies they insure. More information is available at http://www.icwgroup.com/.
About SAP
SAP is the world's leading provider of business software (*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 82,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit www.sap.com.
About HCL AXON
HCL AXON is a Business Transformation consultancy that focuses on delivering significant business value to large, complex organizations through the innovative deployment of SAP technologies. HCL AXON has over 4,500 experienced professional who leverage the implementation of SAP to deliver sustained business improvement. For more information, visit www.hcl-axon.com
"When the financial crisis hit we knew it was of utmost importance to continue our implementation of SAP to gain full cash flow transparency and create an edge over the competition," said Michael Freet, senior vice president and CFO, ICW Group. "The success we achieved immediately after going live with SAP is a true testament to the power and user-friendly attributes of the solution. We now have an integrated and flexible IT roadmap in place that allows us to remain competitive during the recession and be prepared for growth opportunities during the recovery."
As an innovative insurance company licensed in all 50 states, ICW Group offers a broad range of insurance products that include auto, workers' compensation, catastrophe, commercial property and surety. Previously, ICW Group had a number of disparate legacy systems that were not scalable. As they began to grow and diversify, ICW Group needed one trusted version of their business data that could be easily disseminated to employees, regulators and agents. The company selected SAP BusinessObjects IM and BI solutions to consolidate and cleanse data, as well as deliver actionable reports to improve visibility across the organization. ICW Group relies on SAP BusinessObjects to replace gut-feel and spreadsheets with timely and reliable data for better decisions making, including support for predictive analytics, which enables precise pricing for insurance policies.
ICW Group selected HCL AXON as its implementation partner to replace its financial management software. HCL AXON team members worked closely with ICW over a four month period, and together drove a smooth and efficient transition of the Group's systems and data, as well as supporting employee communications and training.
With advanced technology from SAP, ICW Group employees now have more time to move up the curve and focus as a true financial advisory resource for driving enterprise strategy and growth. Many manual and spreadsheet processes have been automated in SAP software, freeing valuable hours to conduct financial analysis, planning and monitoring. The new and more detailed information captured in SAP software provides both accounting and business leaders more timely access to information. In addition, each ICW Group line-of-business can also work more efficiently by accessing real-time facts and figures to enhance departmental decision- making. All of this lays the foundation for more efficient financial operations, as it allows ICW Group's CFO to focus on being a strategic advisor to the business, instead of allocating time against secondary tasks that ICW Group's previous financial systems could not support.
Last year ICW Group selected the SAP ERP Financials solution and insurance solutions for claims management and 'collections and disbursements' (see "ICW Group Turns to for Improved Claims and Billing Processes"). The deployment of SAP software has already provided ICW with early benefits:
* Increased data granularity when compared to legacy systems. Operational data is now seamlessly integrated with the general ledger to a much greater degree of detail.
* Elimination of database management activities by financial professionals.
* Ability to rapidly analyze the financial and operational data.
* Increased efficiency through access to--and analysis of--real-time financial data.
"Because of its aspirations of growth and the commitment to its customers and employees, ICW Group is an inspiration at a time of uncertainty," said Richard Daukant, senior vice president, Financial Services North America, SAP AG. "Having realized that the existence of its multiple products and applications across the claims, billing and financials areas was creating too much work based on the level of complexity of those products and applications, ICW Group knew it needed to complete deployment of an integrated and scalable system to create the financial backbone for effectively supporting its insurance needs. With the insight and tools provided by SAP, the Group can now close the gap between its business strategy and everyday execution."
Having an end-to-end platform with SAP's flagship enterprise resource planning (ERP) application, SAP(R) ERP and SAP BusinessObjects BI solutions, ICW Group's new analytics solution is the foundation of its financial statements. ICW Group can generate its financial results fast and have the visibility needed to base business decisions on facts. Joining the SAP solutions and SAP BusinessObjects solutions on an integrated platform will allow ICW Group to use market-leading reporting, analytics and dashboards to better evaluate and manage credit, market and operational risk. Improved insight will enable the Group to plan by taking risk into account, while at the same time giving it the opportunity to monitor and remediate internal controls across all its systems.
When asked about the successful go-live at ICW Group, Ian Greenhalgh, SVP of Sales and Marketing for HCL AXON in the Americas, said, "We are delighted to be a part of ICW Group's successful financials go-live and look forward to working with them to delivering benefits as we continue to roll-out the SAP platform into key operational areas of the business."
Now that ICW Group's financials are operating on an integrated platform, it is currently implementing SAP(R) Claims Management and SAP(R) Insurance Collections and Disbursements applications, which it plans to have implemented in the third quarter. With claims software from SAP, ICW Group plans to accelerate cash flow, optimize reserves, reduce leakage and ensure efficient processing, allowing customers access to easier methods for processing their claims and quicker response times and payments. Collections and disbursements software will help ICW Group consolidate systems and manage payments, billing and receivables, improving the reconciliation process while enhancing customer service.
About ICW Group
Privately held ICW Group represents a group of multi-line property and casualty insurance carriers providing workers' compensation, surety, commercial property, DIC and personal and business auto insurance. Its member companies consist of Insurance Company of the West, Explorer Insurance Company and Independence Casualty and Surety. Based in San Diego, Calif., ICW Group continues to transform itself into an insurance industry leader dedicated to meeting the needs of its agents and the people and companies they insure. More information is available at http://www.icwgroup.com/.
About SAP
SAP is the world's leading provider of business software (*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 82,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit www.sap.com.
About HCL AXON
HCL AXON is a Business Transformation consultancy that focuses on delivering significant business value to large, complex organizations through the innovative deployment of SAP technologies. HCL AXON has over 4,500 experienced professional who leverage the implementation of SAP to deliver sustained business improvement. For more information, visit www.hcl-axon.com
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