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Thursday, Jul 22, 2004

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Progeon, Aceva in pact

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NEW DELHI: Progeon Ltd, and enterprise software applications provider Aceva Technologies, today announced a strategic partnership to address the business needs of clients outsourcing their order management and accounts receivable functions.

"Aceva will provide software product technology designed to streamline the quote-to-cash process, and Progeon will manage the knowledge transfer and execution of the actual order management and accounts receivables process," a company release said.

Progeon, a subsidiary of Infosys Technologies Ltd, is a business process outsourcing company based in India, which, through its global delivery model, aims to provide clients with high-quality and cost-effective solutions.

The Aceva Working Capital Management Suite enables global corporations to maximise their financial performance by minimising accounts receivables and reducing revenue leakage while improving customer satisfaction.

"As organisations look to us to outsource their finance & accounting functions, we are committed to delivering the industry's leading solution that addresses their comprehensive needs," Mr Akshaya Bhargava, CEO of Progeon, said in the statement.

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