Wipro inks partnership with Chesapeake over financial solutions

Wipro and Chesapeake System Solutions (Chesapeake), a premier provider of financial software solutions, have announced a global alliance partnership. Wipro will offer Chesapeake’s suite of financial software solutions that encompass Reconciliation Management and Balance Sheet Integrity, Treasury & Cash Management and Bank Payment Management as both a cloud-based ASP service and as an in-house licensed software platform.

Peter C. Vogelberger, Chesapeake President & CEO, said, “Wipro’s deep advisory and BPO expertise in finance and IT change will enable us to work together and deliver successful outcomes for our customers and prospective customers on a global scale. We look forward to maintaining a long and mutually beneficial relationship with Wipro.”

“We believe that our global delivery model and expertise, along with the T-Recs solution’s capabilities, will enable us to address the growing need for process simplification in the areas of Balance Sheet Reconciliations and Treasury,” said Manoj Jaiswal, Vice-President & Business Head, Corporate Business Services, Wipro Ltd.

These solutions will enable the finance controller organization to reduce the manual efforts involved in Balance Sheet Reconciliations substantially, thereby bringing efficiency and reduction in the cost to the finance function. Workflow usage, automatic matching, automatic certification, risk-based reporting and audit trail functions will also improve compliance to internal controls and policies, including SOX compliance.