LONDON, March 7, 2022 /PRNewswire/
-- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a
global leader in next-generation digital services and consulting,
today announced its collaboration with Telenor Norway, Telenor's
wholly owned Norwegian telecommunications operator, to successfully
transform its finance and supply chain operations.
Infosys was chosen to assist Telenor Norway on this ERP
transformation program for its innovative and standardized
solutions, reusable assets, skilled talent pool, and ability to
accelerate solution deployment. In collaboration with Telenor
Norway's Business & IT teams, Infosys has implemented a
future-proof, standardized Oracle Cloud ERP solution to help
migrate from a legacy ERP system to enhance business agility and
operational efficiency. The solution has been implemented across 10
Telenor entities in a record time of 9 months including modules
like R2R (Record to Report), A2R (Acquire to Retire), P2P (Procure
to Pay), O2C (Order to Cash) etc.
Commenting on the successful ERP implementation, Terje Borge, CFO, Telenor Norway, said,
"Telenor Norway needs to continuously raise the bar in its
operational performance to serve as the trusted digital partner for
its consumer and enterprise customers. IT as a business enabler
plays a critical role in this objective. The ERP transformation
program is one of the steps in making Telenor agile and
efficient."
Richard Stigaard, CIO, Telenor
Norway, said, "The critical elements of our success have been
collaboration, following standard processes and operating with a
strong One team culture throughout the project. Infosys brought
domain experience, the right skills and competent resources to help
deliver this transformation."
Anand Swaminathan, EVP,
Communications, Media and Technology, Infosys, said, "In the
post-COVID era, telcos are emerging as the preferred digital
service providers for subscribers. The ERP platform developed
jointly by Telenor and Infosys enables Telenor Norway to drive
operational excellence, which ultimately translates into a superior
customer experience."
About Telenor Norway
Telenor Norge AS is Norway's
largest provider of telecommunications and digital services. Our
infrastructure is the foundation for digitising Norway, with its world-class coverage and high
speeds. Our services and products contribute to increased
productivity and provide access to everything that the digital
world has to offer. Our services and products help to improve
productivity and provide access to all digital content. Our
security and preparedness organisation works around the clock to
keep our customers safe, and we are particularly aware of our
social responsibility to provide security and safety for children
and young people online.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. We enable clients in over 50 countries to navigate
their digital transformation. With over four decades of experience
in managing the systems and workings of global enterprises, we
expertly steer our clients through their digital journey. We do it
by enabling the enterprise with an AI-powered core that helps
prioritize the execution of change. We also empower the business
with agile digital at scale to deliver unprecedented levels of
performance and customer delight. Our always-on learning agenda
drives their continuous improvement through building and
transferring digital skills, expertise, and ideas from our
innovation ecosystem.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE:
INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, financial expectations and plans for navigating the
COVID-19 impact on our employees, clients and stakeholders are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding COVID-19 and the effects of government and
other measures seeking to contain its spread, risks related to an
economic downturn or recession in India, the United
States and other countries around the world, changes in
political, business, and economic conditions, fluctuations in
earnings, fluctuations in foreign exchange rates, our ability to
manage growth, intense competition in IT services including those
factors which may affect our cost advantage, wage increases in
India, our ability to attract and
retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, industry segment concentration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks or system failures, our ability to successfully complete
and integrate potential acquisitions, liability for damages on our
service contracts, the success of the companies in which Infosys
has made strategic investments, withdrawal or expiration of
governmental fiscal incentives, political instability and regional
conflicts, legal restrictions on raising capital or acquiring
companies outside India,
unauthorized use of our intellectual property and general economic
conditions affecting our industry and the outcome of pending
litigation and government investigation. Additional risks that
could affect our future operating results are more fully described
in our United States Securities and Exchange Commission filings
including our Annual Report on Form 20-F for the fiscal year ended
March 31, 2021. These filings are
available at www.sec.gov. Infosys may, from time to time, make
additional written and oral forward-looking statements, including
statements contained in the Company's filings with the Securities
and Exchange Commission and our reports to shareholders. The
Company does not undertake to update any forward-looking statements
that may be made from time to time by or on behalf of the Company
unless it is required by law.
For more information contact:
Dena Tahmasebi, Head of
Communications EMEA, Infosys: dena.tahmasebi@infosys.co.uk
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