Friday 28th March, 2014

Infosys, has successfully delivered a Strategic Financial Systems (SFS) program for SITA, one of the world’s leading specialists in air transport communications and IT solutions.

The SFS program allows SITA to 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’s purchasing team can now extend its services to its locations globally with online procurement catalogues that aggregate and target spending to help improve buying efficiencies, and support the efficient processing of 10,000 accounts payable invoices a month.

The company expects the SFS program will deliver, in excess of 20 percent, 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.

The Infosys / SITA team also deployed a new global payment platform and enhanced treasury operations functionality to drive significant improvements in cash management globally.

Colm O’Higgins, Chief Financial Officer, SITA: "The transformation of finance and procurement functions and processes is one of the key contributors to the overall transformation of SITA. The SFS program enables our finance teams to operate with increased precision, agility and reliability, supporting airline and airport operations in 198 countries worldwide and delivering efficient operations to support our future success. Infosys has been an excellent transformation partner, bringing not only deep Oracle experience and innovative solutions, but also the necessary consulting and execution excellence around business process, systems and data design, organisational change management and value realisation."