|By PR Newswire||
|November 19, 2012 05:02 AM EST||
BANGALORE, India and TOKYO, November 19, 2012 /PRNewswire/ --
Expansion across India made simple; Japanese firms get robust IT infrastructure in just eight weeks
Infosys, a global leader in consulting and technology, today announced the launch of a new solution called "India in a Box" for its Japanese clients. The new solution is based on industry-standard Microsoft Dynamics NAV. It enables Japanese companies to jumpstart their business operations in India in a shorter time by moving to a robust IT infrastructure in just eight weeks. The pre-packaged solution is tailor-made for the unique Indian market, addressing issues such as local taxation and accounting.
Key functionalities of the solution tailored for specific requirements in India include:
- Financial Management - To support the International Accounting Standards Committee and complies with Indian GAAP (general accounting, account receivable/payable, budget control, fixed asset management, period-end closing operations).
- Supply Chain Management - To facilitate sales, purchasing, inventory, warehouse management.
- Production Management- To track requirement planning and bill of materials, manufacturing order creation, production planning and processes and scheduling.
- Service, Resource, & Project Management- To maintain service contracts and track project costs, milestones and budget utilization.
- Employee Management - To maintain comprehensive employee details including master employee list, skill sets and attendance.
- Customer Management - To collate customer information, payment and delivery terms
Tomoyuki Nakanishi, Group Senior Manager, Dynamics Product Group, Microsoft Japan, said: "Japanese firms are looking to grow in India, which is why 'India in a Box' is such a valuable resource. What used to take years - learning how to navigate the often-complicated Indian marketplace - now takes a matter of weeks. Japanese companies can use this innovative Infosys product as their all-in-one business solution."
V. Sriram, Head of Japan, Infosys Ltd., said: "With this new solution Infosys has tried to address one of the biggest issues facing Japanese companies entering the Indian market: The sometimes rocky interface between a new location and Tokyo headquarters. With 'India in a Box,' firms can easily establish the interface with the Enterprise Resource Planning in the home office. Executives in Tokyo can manage the sales and production of their Indian operations on a daily basis without a hitch. 'India in a Box' is all about improving real time decision-making and governance."
Infosys set up its Japan operations in 1997. Today it has offices in Tokyo and Nagoya with more than 200 employees. For more information log on to http://www.infosys.com/jp
Infosys partners with global enterprises to drive their innovation-led growth. That's why Forbes ranked Infosys 19th among the top 100 most innovative companies. As a leading provider of next-generation consulting, technology, and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals. Visit http://www.infosys.com and see how Infosys (NASDAQ: INFY), with its 150,000+ people, is Building Tomorrow's Enterprise® today.
Certain statements in this release concerning our future growth prospects are forward-looking statements, 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 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, and unauthorized use of our intellectual property and general economic conditions affecting our industry. 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, 2012 and on Form 6-K for the quarters ended December 31, 2011,June 30, 2012 and September 30, 2012.These filings are available at http://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.